Five Star Bancorp’s (FSBC) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Five Star Bancorp (NASDAQ:FSBC) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $55.00 price objective on the stock.

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Stephens set a $51.00 price objective on shares of Five Star Bancorp in a research note on Monday, July 27th. Finally, Zacks Research raised shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Five Star Bancorp currently has a consensus rating of “Hold” and an average target price of $49.67.

Five Star Bancorp Stock Performance

Shares of FSBC opened at $45.76 on Tuesday. The company has a market capitalization of $1.12 billion, a P/E ratio of 12.96 and a beta of 0.55. Five Star Bancorp has a one year low of $32.20 and a one year high of $50.26. The stock has a 50-day moving average price of $44.39 and a 200 day moving average price of $42.72.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The firm had revenue of $52.62 million during the quarter, compared to analyst estimates of $51.31 million. Five Star Bancorp had a return on equity of 16.89% and a net margin of 26.58%. As a group, equities research analysts forecast that Five Star Bancorp will post 3.55 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.00 annualized dividend and a yield of 2.2%. Five Star Bancorp’s dividend payout ratio is presently 28.33%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FSBC. Davis Asset Management L.P. bought a new stake in Five Star Bancorp during the second quarter valued at $73,595,000. BlackRock Inc. acquired a new stake in shares of Five Star Bancorp during the second quarter worth $64,816,000. Dimensional Fund Advisors LP raised its holdings in shares of Five Star Bancorp by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after purchasing an additional 34,396 shares during the period. Deprince Race & Zollo Inc. lifted its position in shares of Five Star Bancorp by 24.9% in the 1st quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock worth $5,857,000 after buying an additional 30,936 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Five Star Bancorp in the 2nd quarter worth about $4,642,000. Institutional investors own 46.94% of the company’s stock.

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.