Five Star Bancorp (NASDAQ:FSBC) Stock Has Consensus Target Price of $47.25 According to Brokerages

Shares of Five Star Bancorp (NASDAQ:FSBC) have been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $47.25.

A number of research firms recently weighed in on FSBC. Weiss Ratings downgraded shares of Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Stephens set a $51.00 price objective on shares of Five Star Bancorp in a report on Monday, July 27th. Zacks Research raised shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Finally, DA Davidson raised their price objective on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th.

Five Star Bancorp Trading Down 0.3%

Five Star Bancorp stock opened at $42.98 on Tuesday. Five Star Bancorp has a 1 year low of $31.61 and a 1 year high of $50.26. The company has a market cap of $1.05 billion, a PE ratio of 12.72 and a beta of 0.55. The company’s 50-day moving average is $44.81 and its two-hundred day moving average is $44.16.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%. The company had revenue of $47.95 million for the quarter, compared to analyst estimates of $47.72 million. Research analysts forecast that Five Star Bancorp will post 3.50 EPS for the current year.

Insider Activity at Five Star Bancorp

In other Five Star Bancorp news, Director Kevin Ramos bought 5,682 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was bought at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the transaction, the director owned 177,546 shares of the company’s stock, valued at approximately $7,812,024. The trade was a 3.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna Lucas purchased 1,136 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average cost of $44.00 per share, for a total transaction of $49,984.00. Following the purchase, the director owned 14,254 shares in the company, valued at $627,176. This trade represents a 8.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 142,727 shares of company stock worth $6,279,988. 21.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five Star Bancorp

Institutional investors have recently made changes to their positions in the stock. Davis Asset Management L.P. acquired a new position in Five Star Bancorp in the second quarter valued at about $73,595,000. BlackRock Inc. bought a new position in Five Star Bancorp during the second quarter worth about $64,816,000. Dimensional Fund Advisors LP boosted its holdings in Five Star Bancorp by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after buying an additional 34,396 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in Five Star Bancorp by 24.9% during the first quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock worth $5,857,000 after buying an additional 30,936 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Five Star Bancorp during the 2nd quarter worth about $4,642,000. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in Rancho Cordova, California. Through its banking subsidiary, the company provides deposit, lending and treasury management services to businesses, professionals, nonprofit organizations and individuals.

Five Star Bank’s lending activities include commercial real estate, construction and commercial business loans, as well as financing for small businesses and other relationship-based banking needs.