Five Star Bancorp (NASDAQ:FSBC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Five Star Bancorp (NASDAQ:FSBC) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $40.00.

A number of research firms recently issued reports on FSBC. DA Davidson lifted their target price on Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on Five Star Bancorp from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $41.01 on Tuesday. The stock’s 50-day simple moving average is $38.87 and its 200 day simple moving average is $36.93. The company has a market cap of $876.79 million, a P/E ratio of 14.14 and a beta of 0.53. Five Star Bancorp has a 52-week low of $25.63 and a 52-week high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Friday, February 27th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $43.47 million for the quarter. Five Star Bancorp had a return on equity of 14.49% and a net margin of 24.11%. As a group, equities analysts predict that Five Star Bancorp will post 3.43 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Monday, May 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. Five Star Bancorp’s payout ratio is currently 34.48%.

Insider Transactions at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,200 shares of Five Star Bancorp stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $39.30, for a total value of $47,160.00. Following the sale, the senior vice president owned 35,272 shares of the company’s stock, valued at approximately $1,386,189.60. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the completion of the sale, the chief executive officer directly owned 473,014 shares in the company, valued at approximately $17,340,693.24. This represents a 0.84% decrease in their position. The SEC filing for this sale provides additional information. 21.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Star Bancorp

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in Five Star Bancorp during the third quarter worth approximately $27,000. Russell Investments Group Ltd. acquired a new position in Five Star Bancorp during the second quarter worth approximately $34,000. Quarry LP acquired a new position in Five Star Bancorp during the third quarter worth approximately $40,000. Raymond James Financial Inc. acquired a new position in Five Star Bancorp during the second quarter worth approximately $64,000. Finally, CWM LLC increased its position in Five Star Bancorp by 103.3% during the third quarter. CWM LLC now owns 2,129 shares of the company’s stock worth $69,000 after buying an additional 1,082 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.