Five Star Bancorp’s (FSBC) “Overweight” Rating Reaffirmed at Stephens

Stephens reiterated their overweight rating on shares of Five Star Bancorp (NASDAQ:FSBC) in a research note published on Tuesday,Benzinga reports. The brokerage currently has a $37.00 target price on the stock.

A number of other research firms have also issued reports on FSBC. Keefe, Bruyette & Woods upped their target price on shares of Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Raymond James started coverage on shares of Five Star Bancorp in a research report on Thursday, December 19th. They set an “outperform” rating and a $38.00 target price on the stock.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $30.60 on Tuesday. The firm’s 50-day moving average is $31.20 and its two-hundred day moving average is $30.08. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13. The company has a market capitalization of $652.39 million, a PE ratio of 13.42 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly 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%. On average, analysts forecast that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, February 3rd. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Institutional Investors Weigh In On Five Star Bancorp

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after purchasing an additional 25,374 shares during the period. State Street Corp increased its holdings in shares of Five Star Bancorp by 21.7% during the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after buying an additional 66,602 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Five Star Bancorp by 32.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after buying an additional 39,256 shares during the period. Brighton Jones LLC boosted its holdings in Five Star Bancorp by 0.3% in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Five Star Bancorp by 201.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after acquiring an additional 89,834 shares during the period. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Five Star Bancorp Company Profile

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.