Five Star Bancorp (NASDAQ:FSBC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Five Star Bancorp (NASDAQ:FSBC) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.40.

Several equities analysts recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Wednesday, October 8th. Janney Montgomery Scott began coverage on shares of Five Star Bancorp in a research report on Friday, October 10th. They issued a “buy” rating and a $37.00 price target on the stock. Stephens cut Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price for the company. in a research report on Monday, November 10th. DA Davidson set a $43.00 price objective on shares of Five Star Bancorp in a research report on Wednesday, October 29th. Finally, Raymond James Financial restated an “outperform” rating and set a $40.00 price target (up from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $34.58 on Friday. Five Star Bancorp has a 12-month low of $22.22 and a 12-month high of $37.74. The company has a market capitalization of $738.97 million, a PE ratio of 12.81 and a beta of 0.52. The firm’s 50-day moving average is $33.71 and its two-hundred day moving average is $31.29.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%. The business had revenue of $41.31 million during the quarter, compared to analyst estimates of $40.34 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. On average, analysts forecast that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were paid a $0.20 dividend. The ex-dividend date was Monday, November 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Five Star Bancorp’s payout ratio is 29.63%.

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors have recently made changes to their positions in FSBC. Vanguard Group Inc. increased its holdings in Five Star Bancorp by 1.7% in the third quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock worth $29,017,000 after buying an additional 15,183 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Five Star Bancorp by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 493,475 shares of the company’s stock worth $14,084,000 after purchasing an additional 2,233 shares during the last quarter. Invesco Ltd. increased its stake in shares of Five Star Bancorp by 4.1% during the 1st quarter. Invesco Ltd. now owns 360,777 shares of the company’s stock worth $10,030,000 after purchasing an additional 14,126 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Five Star Bancorp by 9.9% during the 2nd quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock valued at $9,492,000 after purchasing an additional 29,943 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in shares of Five Star Bancorp by 26.0% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 293,249 shares of the company’s stock valued at $8,369,000 after purchasing an additional 60,584 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.