Five Star Bancorp (NASDAQ:FSBC) Issues Earnings Results, Beats Estimates By $0.07 EPS

Five Star Bancorp (NASDAQ:FSBC) released its quarterly earnings data on Monday. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07, Zacks reports. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%.

Five Star Bancorp Stock Performance

FSBC traded up $0.41 on Monday, reaching $44.50. 119,778 shares of the company’s stock were exchanged, compared to its average volume of 129,839. Five Star Bancorp has a twelve month low of $32.20 and a twelve month high of $50.26. The company’s 50 day moving average is $44.47 and its 200-day moving average is $44.39. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 13.17 and a beta of 0.55.

Five Star Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FSBC shares. Weiss Ratings downgraded Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, September 21st. DA Davidson raised their price objective on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Stephens set a $51.00 target price on Five Star Bancorp in a research report on Monday, July 27th. Finally, Zacks Research raised Five Star Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.25.

About Five Star Bancorp

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.