Five Star Bancorp (NASDAQ:FSBC) Reaches New 52-Week High – What’s Next?

Five Star Bancorp (NASDAQ:FSBC) shares hit a new 52-week high during trading on Friday . The company traded as high as $43.35 and last traded at $43.1650, with a volume of 11891 shares trading hands. The stock had previously closed at $43.14.

Analysts Set New Price Targets

FSBC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Five Star Bancorp in a report on Monday. Stephens increased their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Finally, DA Davidson increased their target price on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

Five Star Bancorp Stock Performance

The business has a fifty day simple moving average of $40.53 and a 200 day simple moving average of $38.55. The company has a market cap of $929.43 million, a P/E ratio of 13.80 and a beta of 0.54.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. The company had revenue of $43.47 million for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. Equities research analysts expect that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, May 4th. Five Star Bancorp’s dividend payout ratio is presently 31.75%.

Insider Transactions at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,641 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $41.26, for a total transaction of $67,707.66. Following the sale, the senior vice president directly owned 33,631 shares in the company, valued at approximately $1,387,615.06. This represents a 4.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Eugene Beckwith sold 6,428 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total value of $265,026.44. Following the sale, the chief executive officer owned 466,586 shares in the company, valued at $19,237,340.78. The trade was a 1.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 16,692 shares of company stock worth $671,280. 21.79% of the stock is currently owned by company insiders.

Institutional Trading of Five Star Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its position in shares of Five Star Bancorp by 0.9% during the 4th 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 period. Vanguard Group Inc. increased its position in Five Star Bancorp by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock valued at $29,017,000 after acquiring an additional 15,183 shares during the period. Adage Capital Partners GP L.L.C. increased its position in Five Star Bancorp by 75.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock valued at $20,388,000 after acquiring an additional 245,727 shares during the period. Kennedy Capital Management LLC increased its position in Five Star Bancorp by 14.8% in the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after acquiring an additional 56,412 shares during the period. Finally, Geode Capital Management LLC increased its position 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 valued at $14,285,000 after acquiring an additional 5,038 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.