Five Star Bancorp (NASDAQ:FSBC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Five Star Bancorp (NASDAQ:FSBC) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $40.00.

A number of equities analysts have recently weighed in on FSBC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. DA Davidson raised their target price on shares of Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th.

Five Star Bancorp Trading Up 0.3%

Five Star Bancorp stock opened at $37.72 on Friday. The stock has a 50-day moving average price of $38.88 and a 200 day moving average price of $36.23. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $42.26. The stock has a market cap of $806.45 million, a PE ratio of 13.01 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.49%. The company had revenue of $40.67 million for the quarter, compared to analyst estimates of $42.58 million. On average, equities analysts predict that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 2nd. Five Star Bancorp’s payout ratio is 34.48%.

Insiders Place Their Bets

In related news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $36.66, for a total transaction of $146,640.00. Following the transaction, the chief executive officer directly owned 473,014 shares in the company, valued at approximately $17,340,693.24. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Eugene Lee sold 1,200 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $39.30, for a total value of $47,160.00. Following the completion of the sale, the senior vice president directly owned 35,272 shares in the company, valued at approximately $1,386,189.60. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 25.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Five Star Bancorp by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after acquiring an additional 390 shares during the period. Jane Street Group LLC acquired a new stake in shares of Five Star Bancorp in the first quarter worth approximately $889,000. Creative Planning purchased a new stake in Five Star Bancorp in the second quarter valued at approximately $499,000. Franklin Resources Inc. increased its position in Five Star Bancorp by 0.5% during the second quarter. Franklin Resources Inc. now owns 493,475 shares of the company’s stock worth $14,084,000 after purchasing an additional 2,233 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Five Star Bancorp by 9.9% during the second quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock worth $9,492,000 after purchasing an additional 29,943 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.