Five Star Bancorp (NASDAQ:FSBC – Get Free Report)’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.
View Our Latest Report on FSBC
Five Star Bancorp Stock Performance
Five Star Bancorp (NASDAQ:FSBC – Get Free Report) 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.
See Also
- Five stocks we like better than Five Star Bancorp
- How Investors Can Find the Best Cheap Dividend Stocks
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Profitably Trade Stocks at 52-Week Highs
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Five Star Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Star Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.