Five Star Bancorp (NASDAQ:FSBC) Given New $35.00 Price Target at Keefe, Bruyette & Woods

Five Star Bancorp (NASDAQ:FSBC) had its price objective dropped by Keefe, Bruyette & Woods from $37.00 to $35.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 12.81% from the company’s current price.

Several other equities research analysts also recently commented on FSBC. Stephens restated an “overweight” rating and issued a $37.00 target price on shares of Five Star Bancorp in a research note on Tuesday. Raymond James reaffirmed an “outperform” rating and issued a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday.

Five Star Bancorp Trading Up 0.4 %

FSBC opened at $31.03 on Thursday. The business’s 50 day moving average is $31.25 and its 200-day moving average is $30.08. The stock has a market cap of $661.45 million, a PE ratio of 13.57 and a beta of 0.48. Five Star Bancorp has a twelve month low of $21.10 and a twelve month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. As a group, analysts forecast that Five Star Bancorp will post 2.19 EPS for the current year.

Hedge Funds Weigh In On Five Star Bancorp

A number of hedge funds have recently made changes to their positions in FSBC. Brighton Jones LLC increased its holdings in shares of Five Star Bancorp by 0.3% during the third quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock valued at $4,202,000 after acquiring an additional 401 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Five Star Bancorp by 18.7% during the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock valued at $218,000 after acquiring an additional 1,143 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Five Star Bancorp during the third quarter valued at approximately $109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Five Star Bancorp by 25.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock valued at $667,000 after buying an additional 4,564 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in shares of Five Star Bancorp during the third quarter valued at approximately $244,000. 46.94% of the stock is currently owned by institutional investors.

About Five Star Bancorp

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.