DA Davidson Reiterates “Buy” Rating for Five Star Bancorp (NASDAQ:FSBC)

DA Davidson restated their buy rating on shares of Five Star Bancorp (NASDAQ:FSBC) in a research note released on Tuesday morning, Benzinga reports. They currently have a $29.00 target price on the stock. DA Davidson also issued estimates for Five Star Bancorp’s Q2 2024 earnings at $0.50 EPS, FY2024 earnings at $2.11 EPS and FY2025 earnings at $2.42 EPS.

Separately, Keefe, Bruyette & Woods reissued a market perform rating and issued a $27.00 price objective on shares of Five Star Bancorp in a research note on Monday, April 1st.

Five Star Bancorp Stock Performance

Shares of FSBC stock opened at $22.13 on Tuesday. The company has a 50 day moving average price of $22.60 and a 200-day moving average price of $23.02. Five Star Bancorp has a 52 week low of $17.74 and a 52 week high of $28.25. The firm has a market capitalization of $383.96 million, a PE ratio of 8.41 and a beta of 0.38. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.59.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $49.37 million during the quarter. Five Star Bancorp had a net margin of 23.84% and a return on equity of 16.36%. During the same quarter last year, the firm posted $0.77 earnings per share. As a group, equities research analysts expect that Five Star Bancorp will post 2.11 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.62%. Five Star Bancorp’s dividend payout ratio is 30.42%.

Insider Buying and Selling

In related news, Director Robert Truxtun Perry-Smith bought 80,460 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of $21.75 per share, for a total transaction of $1,750,005.00. Following the completion of the transaction, the director now owns 227,638 shares in the company, valued at $4,951,126.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 25.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Five Star Bancorp

Several institutional investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in Five Star Bancorp by 0.4% during the third quarter. Brighton Jones LLC now owns 157,155 shares of the company’s stock valued at $3,153,000 after purchasing an additional 591 shares during the last quarter. Cox Capital Mgt LLC lifted its position in Five Star Bancorp by 2.8% during the first quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock valued at $1,787,000 after purchasing an additional 2,150 shares during the last quarter. Global Retirement Partners LLC bought a new position in Five Star Bancorp during the fourth quarter valued at $56,000. New York State Common Retirement Fund lifted its position in Five Star Bancorp by 103.1% during the third quarter. New York State Common Retirement Fund now owns 6,702 shares of the company’s stock valued at $134,000 after purchasing an additional 3,402 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Five Star Bancorp in the 4th quarter worth about $144,000. Institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.