Five Star Bancorp (NASDAQ:FSBC) Now Covered by Analysts at Raymond James

Raymond James began coverage on shares of Five Star Bancorp (NASDAQ:FSBC) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $38.00 price objective on the stock.

Separately, Keefe, Bruyette & Woods lifted their target price on Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Five Star Bancorp Price Performance

FSBC stock traded up $0.12 during midday trading on Thursday, reaching $30.30. The company had a trading volume of 28,008 shares, compared to its average volume of 46,679. The company has a market capitalization of $645.97 million, a price-to-earnings ratio of 13.29 and a beta of 0.45. The stock has a 50 day moving average price of $31.94 and a 200-day moving average price of $28.64. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $0.64 earnings per share. As a group, research analysts anticipate that Five Star Bancorp will post 2.19 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction on 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 owns 36,765 shares in the company, valued at approximately $1,127,582.55. The trade was a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 25.57% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

A number of hedge funds have recently bought and sold shares of FSBC. Charles Schwab Investment Management Inc. boosted its holdings in shares of Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after buying an additional 89,834 shares during the last quarter. State Street Corp boosted its holdings in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after buying an additional 66,602 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Five Star Bancorp by 116.5% in the 2nd quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock worth $2,642,000 after buying an additional 60,118 shares during the last quarter. Davis Asset Management L.P. boosted its holdings in shares of Five Star Bancorp by 3.4% in the 2nd quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock worth $35,747,000 after buying an additional 50,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Five Star Bancorp by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock valued at $3,797,000 after purchasing an additional 39,256 shares during the last quarter. 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.