Five Star Bancorp (NASDAQ:FSBC) Reaches New 1-Year High at $29.38

Five Star Bancorp (NASDAQ:FSBC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.38 and last traded at $29.30, with a volume of 16832 shares changing hands. The stock had previously closed at $28.92.

Analysts Set New Price Targets

Several research firms have recently commented on FSBC. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $27.00 target price on shares of Five Star Bancorp in a research note on Monday, April 1st. DA Davidson reiterated a “buy” rating and set a $29.00 target price on shares of Five Star Bancorp in a research note on Tuesday, April 30th.

Five Star Bancorp Stock Performance

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $623.40 million, a price-to-earnings ratio of 11.12 and a beta of 0.41. The company has a 50-day moving average of $24.11 and a 200-day moving average of $23.49.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The business had revenue of $49.37 million for the quarter. Five Star Bancorp had a return on equity of 16.12% and a net margin of 23.84%. During the same period in the prior year, the company posted $0.77 earnings per share. On average, equities research analysts forecast that Five Star Bancorp will post 2.15 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, August 12th. Shareholders of record on Monday, August 5th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, August 5th. Five Star Bancorp’s dividend payout ratio is presently 30.42%.

Institutional Investors Weigh In On Five Star Bancorp

Several large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new position in Five Star Bancorp during the fourth quarter valued at about $56,000. SG Americas Securities LLC purchased a new stake in shares of Five Star Bancorp during the 4th quarter worth about $144,000. Interval Partners LP purchased a new stake in shares of Five Star Bancorp during the 1st quarter worth about $450,000. Swiss National Bank raised its stake in shares of Five Star Bancorp by 8.3% during the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Five Star Bancorp by 2.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock worth $770,000 after purchasing an additional 797 shares in the last quarter. 46.94% of the stock is 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.