Five Star Bancorp (NASDAQ:FSBC) Given Average Recommendation of “Moderate Buy” by Analysts

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

FSBC has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price on shares of Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. DA Davidson upped their price objective 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, Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd.

Insiders Place Their Bets

In other news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $36.66, for a total value of $146,640.00. Following the completion of the transaction, the chief executive officer directly owned 473,014 shares in the company, valued at approximately $17,340,693.24. This represents a 0.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Eugene Lee sold 1,200 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $39.30, for a total value of $47,160.00. Following the sale, the senior vice president directly owned 35,272 shares in the company, valued at approximately $1,386,189.60. This trade represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. 21.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Five Star Bancorp

A number of hedge funds have recently made changes to their positions in FSBC. T. Rowe Price Investment Management Inc. grew its holdings in shares of Five Star Bancorp by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock worth $72,182,000 after purchasing an additional 18,668 shares during the last quarter. Invesco Ltd. raised its holdings in Five Star Bancorp by 0.9% in the 4th quarter. Invesco Ltd. now owns 337,497 shares of the company’s stock valued at $12,076,000 after buying an additional 2,850 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Five Star Bancorp during the 4th quarter worth approximately $233,000. Occudo Quantitative Strategies LP acquired a new stake in Five Star Bancorp during the 4th quarter worth approximately $294,000. Finally, Janus Henderson Group PLC bought a new stake in Five Star Bancorp during the 4th quarter worth approximately $221,000. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Stock Performance

Shares of FSBC opened at $37.35 on Friday. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $42.26. The firm has a market cap of $798.54 million, a price-to-earnings ratio of 12.88 and a beta of 0.52. The business’s fifty day moving average is $38.88 and its 200-day moving average is $36.09.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $40.67 million during the quarter, compared to the consensus estimate of $42.58 million. As a group, research analysts forecast that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 2nd. 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.