Five Star Bancorp’s (FSBC) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Five Star Bancorp (NASDAQ:FSBC) in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a $29.00 price target on the stock. DA Davidson also issued estimates for Five Star Bancorp’s Q2 2024 earnings at $0.50 EPS, FY2024 earnings at $2.11 EPS and FY2025 earnings at $2.42 EPS.

Separately, Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $27.00 price objective on shares of Five Star Bancorp in a research report on Monday, April 1st.

Five Star Bancorp Stock Up 1.8 %

Shares of Five Star Bancorp stock opened at $22.18 on Tuesday. Five Star Bancorp has a twelve month low of $17.74 and a twelve month high of $28.25. The stock has a market cap of $384.82 million, a price-to-earnings ratio of 8.43 and a beta of 0.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $22.61 and a 200 day moving average price of $23.03.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Five Star Bancorp had a return on equity of 16.36% and a net margin of 23.84%. The company had revenue of $49.37 million for the quarter. During the same quarter in the prior year, the firm earned $0.77 EPS. Equities research analysts forecast that Five Star Bancorp will post 2.11 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.80 annualized dividend and a dividend yield of 3.61%. Five Star Bancorp’s dividend payout ratio is presently 30.42%.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, Director Robert Truxtun Perry-Smith purchased 80,460 shares of Five Star Bancorp stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of $21.75 per share, with a total value of $1,750,005.00. Following the completion of the acquisition, the director now owns 227,638 shares of the company’s stock, valued at approximately $4,951,126.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 25.57% of the company’s stock.

Institutional Trading of Five Star Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in Five Star Bancorp during the 4th quarter worth $56,000. SG Americas Securities LLC acquired a new position in Five Star Bancorp in the fourth quarter worth about $144,000. New York State Common Retirement Fund increased its holdings in Five Star Bancorp by 103.1% in the third quarter. New York State Common Retirement Fund now owns 6,702 shares of the company’s stock valued at $134,000 after buying an additional 3,402 shares during the last quarter. EPIQ Capital Group LLC bought a new stake in Five Star Bancorp in the third quarter valued at about $297,000. Finally, Cox Capital Mgt LLC raised its stake in Five Star Bancorp by 2.8% during the first quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock valued at $1,787,000 after buying an additional 2,150 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

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.