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

Five Star Bancorp (NASDAQ:FSBC) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $40.00.

FSBC has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. 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 price target on shares of 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. Finally, Stephens lowered Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research note on Monday, November 10th.

Insider Buying and Selling

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,200 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $39.30, for a total value of $47,160.00. Following the sale, the senior vice president owned 35,272 shares of the company’s stock, valued at approximately $1,386,189.60. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 21.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FSBC. State of Alaska Department of Revenue acquired a new stake in Five Star Bancorp in the 3rd quarter valued at about $27,000. CWM LLC lifted its holdings in shares of Five Star Bancorp by 375.9% in the second quarter. CWM LLC now owns 1,047 shares of the company’s stock valued at $30,000 after purchasing an additional 827 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Five Star Bancorp in the second quarter valued at approximately $34,000. Quarry LP purchased a new position in shares of Five Star Bancorp during the 3rd quarter worth approximately $40,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Five Star Bancorp during the 2nd quarter worth approximately $64,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Price Performance

Shares of FSBC stock opened at $37.76 on Monday. The business’s fifty day moving average price is $38.74 and its 200 day moving average price is $35.64. The firm has a market capitalization of $807.31 million, a PE ratio of 13.02 and a beta of 0.52. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $42.26.

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

Five Star Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were issued 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 2.6%. The ex-dividend date of this dividend was Monday, February 2nd. Five Star Bancorp’s payout ratio is presently 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.