Five Star Bancorp (FSBC) to Issue Quarterly Dividend of $0.25 on August 10th

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.25 per share on Monday, August 10th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 3rd.

Five Star Bancorp has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Five Star Bancorp to earn $3.74 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.7%.

Five Star Bancorp Stock Performance

FSBC stock opened at $47.19 on Friday. Five Star Bancorp has a fifty-two week low of $28.34 and a fifty-two week high of $50.26. The business’s 50 day moving average price is $46.16 and its two-hundred day moving average price is $41.75. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.96 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $47.95 million during the quarter, compared to analysts’ expectations of $47.72 million. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%. Sell-side analysts forecast that Five Star Bancorp will post 3.5 earnings per share for the current year.

Five Star Bancorp Company Profile

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.