Five Star Bancorp (NASDAQ:FSBC) Price Target Raised to $41.00

Five Star Bancorp (NASDAQ:FSBC) had its price target boosted by Keefe, Bruyette & Woods from $40.00 to $41.00 in a report released on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research firms have also recently commented on FSBC. Stephens cut Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a research report on Monday, November 10th. DA Davidson boosted their price target on Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $34.00) on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Finally, Janney Montgomery Scott began coverage on shares of Five Star Bancorp in a report on Friday, October 10th. They set a “buy” rating and a $37.00 target price for the company. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.00.

Five Star Bancorp Stock Up 0.3%

Shares of Five Star Bancorp stock opened at $39.62 on Thursday. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $40.31. The company’s 50 day moving average is $36.74 and its 200 day moving average is $33.99. The company has a market cap of $846.68 million, a price-to-earnings ratio of 13.66 and a beta of 0.52.

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

Five Star Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Monday, February 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 2nd. Five Star Bancorp’s dividend payout ratio is currently 27.59%.

Institutional Trading of Five Star Bancorp

Several institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Five Star Bancorp by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after purchasing an additional 390 shares during the period. First Trust Advisors LP raised its position in shares of Five Star Bancorp by 3.4% during the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after buying an additional 458 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Five Star Bancorp by 3.6% in the third quarter. Inspire Investing LLC now owns 14,114 shares of the company’s stock worth $454,000 after buying an additional 491 shares in the last quarter. CWM LLC boosted its position in shares of Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after acquiring an additional 827 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Five Star Bancorp during the third quarter valued at $27,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

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.