Five Star Bancorp (NASDAQ:FSBC) Price Target Raised to $31.00 at Keefe, Bruyette & Woods

Five Star Bancorp (NASDAQ:FSBC) had its price target boosted by Keefe, Bruyette & Woods from $27.00 to $31.00 in a report issued on Friday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Separately, DA Davidson reiterated a buy rating and set a $29.00 target price on shares of Five Star Bancorp in a report on Tuesday, April 30th.

Five Star Bancorp Stock Performance

NASDAQ FSBC opened at $29.89 on Friday. The business has a 50 day moving average price of $24.24 and a 200 day moving average price of $23.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $637.25 million, a P/E ratio of 11.37 and a beta of 0.41. Five Star Bancorp has a 1-year low of $18.50 and a 1-year high of $30.03.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. Five Star Bancorp had a net margin of 22.24% and a return on equity of 15.23%. The firm had revenue of $49.37 million during the quarter. During the same quarter last year, the business posted $0.77 earnings per share. Sell-side analysts expect that Five Star Bancorp will post 2.15 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, August 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, August 5th. Five Star Bancorp’s payout ratio is 30.42%.

Institutional Trading of Five Star Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Five Star Bancorp by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 88,589 shares of the company’s stock worth $2,095,000 after purchasing an additional 8,991 shares during the last quarter. EJF Capital LLC purchased a new position in Five Star Bancorp during the first quarter worth about $1,688,000. Interval Partners LP acquired a new stake in Five Star Bancorp in the 1st quarter worth about $450,000. Kennedy Capital Management LLC boosted its stake in Five Star Bancorp by 364.2% in the 1st quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock worth $4,285,000 after buying an additional 149,424 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Five Star Bancorp by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after buying an additional 797 shares during the period. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.