Stephens Boosts Five Star Bancorp (NASDAQ:FSBC) Price Target to $32.00

Five Star Bancorp (NASDAQ:FSBC) had its price target raised by Stephens from $29.00 to $32.00 in a research note published on Friday, Benzinga reports. Stephens currently has an overweight rating on the stock.

FSBC has been the topic of several other research reports. DA Davidson lifted their price target on Five Star Bancorp from $27.00 to $34.00 and gave the stock a buy rating in a report on Friday. Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $27.00 to $31.00 and gave the stock a market perform rating in a report on Friday.

Five Star Bancorp Stock Down 1.5 %

NASDAQ FSBC opened at $29.43 on Friday. Five Star Bancorp has a 52 week low of $18.50 and a 52 week high of $30.03. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $24.36 and its 200-day simple moving average is $23.52. The firm has a market cap of $627.45 million, a PE ratio of 11.19 and a beta of 0.41.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. Five Star Bancorp had a return on equity of 15.23% and a net margin of 22.24%. The business had revenue of $49.37 million for the quarter. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, equities analysts anticipate that Five Star Bancorp will post 2.15 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, August 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date 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 modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in shares of Five Star Bancorp during the 4th quarter worth about $56,000. SG Americas Securities LLC acquired a new stake in shares of Five Star Bancorp during the 4th quarter worth about $144,000. Interval Partners LP acquired a new stake in shares of Five Star Bancorp during the 1st quarter worth about $450,000. Swiss National Bank increased its position 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position 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 acquiring an additional 797 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

About Five Star Bancorp

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.