Five Star Bancorp (NASDAQ:FSBC) Shares Cross Above 50 Day Moving Average – Should You Sell?

Five Star Bancorp (NASDAQ:FSBC)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $44.42 and traded as high as $44.84. Five Star Bancorp shares last traded at $44.50, with a volume of 119,778 shares changing hands.

Wall Street Analysts Forecast Growth

FSBC has been the subject of a number of research reports. Weiss Ratings downgraded Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 21st. Zacks Research upgraded Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. DA Davidson upped their target price on Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Stephens set a $51.00 target price on Five Star Bancorp in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Five Star Bancorp has a consensus rating of “Moderate Buy” and an average price target of $47.25.

Five Star Bancorp Stock Performance

The firm’s 50-day moving average price is $44.42 and its two-hundred day moving average price is $42.59. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.17 and a beta of 0.55.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%. The firm had revenue of $52.62 million during the quarter, compared to analyst estimates of $51.31 million. As a group, equities research analysts anticipate that Five Star Bancorp will post 3.50 EPS for the current year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Five Star Bancorp’s payout ratio is presently 29.59%.

Institutional Investors Weigh In On Five Star Bancorp

Several large investors have recently modified their holdings of FSBC. Nisa Investment Advisors LLC raised its holdings in shares of Five Star Bancorp by 96.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,462 shares of the company’s stock worth $62,000 after buying an additional 716 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Five Star Bancorp during the 2nd quarter worth approximately $417,000. Squarepoint Ops LLC bought a new position in shares of Five Star Bancorp during the 2nd quarter worth approximately $1,994,000. Arizona State Retirement System bought a new stake in Five Star Bancorp in the second quarter valued at $201,000. Finally, Susquehanna Fundamental Investments LLC grew its position in Five Star Bancorp by 11.9% in the second quarter. Susquehanna Fundamental Investments LLC now owns 7,547 shares of the company’s stock valued at $367,000 after acquiring an additional 800 shares during the period. 46.94% of the stock is currently owned by institutional investors.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.