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

Five Star Bancorp (NASDAQ:FSBC) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $40.00.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their target price on Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Finally, DA Davidson increased their price target on Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 28th.

Insider Activity at Five Star Bancorp

In related news, CEO James Eugene Beckwith sold 4,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the sale, the chief executive officer directly owned 473,014 shares of the company’s stock, valued at $17,340,693.24. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael Eugene Lee sold 1,200 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $39.30, for a total transaction of $47,160.00. Following the transaction, the senior vice president owned 35,272 shares in the company, valued at $1,386,189.60. This trade represents a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in shares of Five Star Bancorp in the 3rd quarter worth approximately $27,000. Russell Investments Group Ltd. bought a new stake in Five Star Bancorp during the 2nd quarter valued at $34,000. Quarry LP acquired a new position in shares of Five Star Bancorp during the third quarter valued at $40,000. Raymond James Financial Inc. bought a new position in Five Star Bancorp in the 2nd quarter valued at about $64,000. Finally, CWM LLC lifted its stake in shares of Five Star Bancorp by 103.3% in the 3rd quarter. CWM LLC now owns 2,129 shares of the company’s stock worth $69,000 after acquiring an additional 1,082 shares during the period. 46.94% of the stock is currently owned by institutional investors.

Five Star Bancorp Stock Performance

Shares of NASDAQ:FSBC opened at $37.11 on Friday. The company has a market cap of $793.41 million, a P/E ratio of 12.80 and a beta of 0.52. Five Star Bancorp has a one year low of $22.22 and a one year high of $42.26. The business’s 50-day simple moving average is $38.87 and its 200 day simple moving average is $36.16.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Monday, January 26th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $40.67 million for the quarter, compared to analyst estimates of $42.58 million. Five Star Bancorp had a return on equity of 14.49% and a net margin of 24.11%. Analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. Five Star Bancorp’s dividend 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.