Five Star Bancorp (NASDAQ:FSBC) Receives $40.00 Consensus Target Price from Brokerages

Five Star Bancorp (NASDAQ:FSBC) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $40.00.

Several research firms recently issued reports on FSBC. Raymond James Financial restated an “outperform” rating and issued a $40.00 target price (up previously from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Stephens downgraded Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective on the stock. in a research note on Monday, November 10th. Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Finally, DA Davidson increased their price target on Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th.

Institutional Investors Weigh In On Five Star Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Adage Capital Partners GP L.L.C. boosted its position in shares of Five Star Bancorp by 26.0% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 293,249 shares of the company’s stock worth $8,369,000 after purchasing an additional 60,584 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Five Star Bancorp by 4,770.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company’s stock worth $1,892,000 after buying an additional 57,536 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in Five Star Bancorp by 81.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock worth $4,449,000 after acquiring an additional 55,698 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Five Star Bancorp by 69.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 84,110 shares of the company’s stock valued at $2,708,000 after acquiring an additional 34,570 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Five Star Bancorp by 69.5% during the second quarter. Qube Research & Technologies Ltd now owns 81,335 shares of the company’s stock valued at $2,321,000 after acquiring an additional 33,350 shares in the last quarter. 46.94% of the stock is owned by institutional investors.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $41.38 on Thursday. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $42.26. The company has a 50 day simple moving average of $37.35 and a two-hundred day simple moving average of $34.36. The company has a market capitalization of $884.70 million, a PE ratio of 14.27 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.73%. The firm had revenue of $40.67 million for the quarter, compared to the consensus estimate of $42.58 million. Research analysts predict that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Monday, February 2nd will be paid a dividend of $0.25 per share. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, February 2nd. Five Star Bancorp’s payout ratio is currently 34.48%.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.