Five Star Bancorp (NASDAQ:FSBC) Price Target Raised to $37.00

Five Star Bancorp (NASDAQ:FSBC) had its price objective upped by analysts at Keefe, Bruyette & Woods from $33.00 to $37.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 13.43% from the stock’s previous close.

Five Star Bancorp Price Performance

Shares of FSBC traded down $0.20 on Wednesday, reaching $32.62. 9,020 shares of the stock traded hands, compared to its average volume of 47,077. The firm has a market cap of $695.43 million, a price-to-earnings ratio of 14.31 and a beta of 0.45. Five Star Bancorp has a 12 month low of $21.10 and a 12 month high of $35.13. The stock’s 50-day moving average price is $31.02 and its 200-day moving average price is $27.91.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. The company had revenue of $54.05 million during the quarter. During the same quarter last year, the firm earned $0.64 earnings per share. As a group, equities research analysts forecast that Five Star Bancorp will post 2.16 earnings per share for the current fiscal year.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now directly owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in Five Star Bancorp by 0.3% in the 3rd quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock valued at $4,202,000 after purchasing an additional 401 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 buying an additional 797 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Five Star Bancorp during the 3rd quarter worth $109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Five Star Bancorp by 25.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock worth $667,000 after acquiring an additional 4,564 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Five Star Bancorp during the second quarter worth approximately $124,000. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

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.