Five Star Bancorp (NASDAQ:FSBC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Five Star Bancorp (NASDAQ:FSBC) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $40.00.

Several analysts recently weighed in on FSBC shares. Raymond James Financial reissued an “outperform” rating and set a $40.00 price target (up from $34.00) on shares of Five Star Bancorp in a report 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. Stephens cut shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price on the stock. in a research note on Monday, November 10th. DA Davidson lifted their target price on shares of Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods upped their price target 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Five Star Bancorp by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock valued at $29,017,000 after buying an additional 15,183 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Five Star Bancorp by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 493,475 shares of the company’s stock valued at $14,084,000 after acquiring an additional 2,233 shares during the period. Geode Capital Management LLC grew its holdings in Five Star Bancorp by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock worth $14,285,000 after acquiring an additional 5,038 shares during the last quarter. Invesco Ltd. grew its position in shares of Five Star Bancorp by 2.4% in the 3rd quarter. Invesco Ltd. now owns 334,647 shares of the company’s stock worth $10,776,000 after buying an additional 7,954 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Five Star Bancorp by 9.9% during the 2nd quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock valued at $9,492,000 after purchasing an additional 29,943 shares in the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Five Star Bancorp Price Performance

NASDAQ FSBC opened at $41.14 on Thursday. Five Star Bancorp has a one year low of $22.22 and a one year high of $42.26. The stock’s 50-day moving average is $37.47 and its 200-day moving average is $34.47. The firm has a market cap of $879.57 million, a P/E ratio of 14.19 and a beta of 0.52.

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

Five Star Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were paid a dividend of $0.25 per share. This is an increase from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Five Star Bancorp’s dividend payout ratio (DPR) 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.