Five Star Bancorp (NASDAQ:FSBC) to Issue Dividend Increase – $0.25 Per Share

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Thursday, January 15th. Stockholders of record on Monday, February 2nd will be paid a dividend of 0.25 per share on Monday, February 9th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, February 2nd. This is a 25.0% increase from Five Star Bancorp’s previous quarterly dividend of $0.20.

Five Star Bancorp has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.7%.

Five Star Bancorp Stock Up 0.3%

FSBC stock opened at $39.62 on Friday. The firm has a 50-day simple moving average of $36.74 and a 200-day simple moving average of $33.97. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $40.31. The stock has a market capitalization of $846.68 million, a P/E ratio of 13.66 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $40.67 million for the quarter, compared to the consensus estimate of $42.58 million. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.73%. On average, analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current year.

Institutional Trading of Five Star Bancorp

Several institutional investors have recently made changes to their positions in FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after purchasing an additional 390 shares during the period. First Trust Advisors LP grew its position in shares of Five Star Bancorp by 3.4% during the 2nd quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock worth $394,000 after buying an additional 458 shares during the period. Inspire Investing LLC raised its stake in shares of Five Star Bancorp by 3.6% during the third quarter. Inspire Investing LLC now owns 14,114 shares of the company’s stock worth $454,000 after buying an additional 491 shares during the last quarter. CWM LLC boosted its stake in Five Star Bancorp by 375.9% in the second quarter. CWM LLC now owns 1,047 shares of the company’s stock valued at $30,000 after acquiring an additional 827 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Five Star Bancorp during the 3rd quarter worth $27,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.