Five Star Bancorp (NASDAQ:FSBC) to Post Q1 2024 Earnings of $0.57 Per Share, DA Davidson Forecasts

Five Star Bancorp (NASDAQ:FSBCFree Report) – Analysts at DA Davidson boosted their Q1 2024 EPS estimates for Five Star Bancorp in a note issued to investors on Tuesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings per share of $0.57 for the quarter, up from their previous forecast of $0.53. DA Davidson currently has a “Buy” rating and a $29.00 target price on the stock. The consensus estimate for Five Star Bancorp’s current full-year earnings is $2.21 per share. DA Davidson also issued estimates for Five Star Bancorp’s FY2024 earnings at $2.23 EPS and FY2025 earnings at $2.52 EPS.

A number of other equities research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $27.00 target price on shares of Five Star Bancorp in a research report on Monday. TheStreet upgraded Five Star Bancorp from a “c” rating to a “b-” rating in a research note on Wednesday, December 13th.

Read Our Latest Analysis on Five Star Bancorp

Five Star Bancorp Price Performance

NASDAQ FSBC opened at $22.18 on Wednesday. The firm has a market capitalization of $384.82 million, a price-to-earnings ratio of 7.98 and a beta of 0.37. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50 day simple moving average of $23.48 and a 200-day simple moving average of $22.79. Five Star Bancorp has a 52-week low of $17.74 and a 52-week high of $28.25.

Five Star Bancorp (NASDAQ:FSBCGet Free Report) last posted its quarterly earnings data on Monday, January 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $28.61 million for the quarter. Five Star Bancorp had a net margin of 26.24% and a return on equity of 17.52%.

Institutional Investors Weigh In On Five Star Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of Five Star Bancorp by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 55,085 shares of the company’s stock worth $1,559,000 after buying an additional 2,133 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Five Star Bancorp by 55.4% during the first quarter. MetLife Investment Management LLC now owns 8,285 shares of the company’s stock valued at $234,000 after acquiring an additional 2,954 shares during the period. BlackRock Inc. grew its position in shares of Five Star Bancorp by 2.4% in the first quarter. BlackRock Inc. now owns 563,074 shares of the company’s stock valued at $15,935,000 after purchasing an additional 13,278 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Five Star Bancorp in the first quarter worth about $28,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Five Star Bancorp by 3.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 30,082 shares of the company’s stock worth $852,000 after purchasing an additional 976 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

Insider Activity

In other Five Star Bancorp news, Director Robert Truxtun Perry-Smith acquired 80,460 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average cost of $21.75 per share, for a total transaction of $1,750,005.00. Following the completion of the acquisition, the director now owns 227,638 shares of the company’s stock, valued at approximately $4,951,126.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.79% of the stock is owned by insiders.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Monday, February 5th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.80 annualized dividend and a dividend yield of 3.61%. Five Star Bancorp’s dividend payout ratio (DPR) is 28.78%.

Five Star Bancorp Company Profile

(Get Free Report)

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.

Further Reading

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