Five Star Bancorp (NASDAQ:FSBC) Receives $42.30 Consensus PT from Brokerages

Five Star Bancorp (NASDAQ:FSBC) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $42.30.

A number of equities analysts recently commented on the company. DA Davidson increased their price target on Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods increased their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Finally, Stephens increased their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th.

Insider Activity

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,641 shares of Five Star Bancorp stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $41.26, for a total transaction of $67,707.66. Following the completion of the transaction, the senior vice president directly owned 33,631 shares of the company’s stock, valued at $1,387,615.06. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brett Levi Wait sold 1,640 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $42.27, for a total transaction of $69,322.80. Following the transaction, the senior vice president owned 16,873 shares in the company, valued at $713,221.71. This trade represents a 8.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,692 shares of company stock valued at $524,640 in the last ninety days. Insiders own 21.79% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Five Star Bancorp by 4.1% in the 1st 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. Jane Street Group LLC purchased a new position in shares of Five Star Bancorp during the first quarter valued at approximately $889,000. Russell Investments Group Ltd. bought a new position in shares of Five Star Bancorp during the second quarter valued at approximately $34,000. First Trust Advisors LP grew its stake in shares of Five Star Bancorp by 3.4% during the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after buying an additional 458 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Five Star Bancorp in the second quarter worth approximately $509,000. 46.94% of the stock is owned by hedge funds and other institutional investors.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $44.76 on Wednesday. The firm has a market capitalization of $956.97 million, a PE ratio of 14.21 and a beta of 0.54. The stock has a 50-day simple moving average of $41.30 and a two-hundred day simple moving average of $38.96. Five Star Bancorp has a 52-week low of $26.20 and a 52-week high of $45.20.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The firm had revenue of $43.47 million during the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. Equities analysts forecast that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Five Star Bancorp’s dividend payout ratio is 31.75%.

Five Star Bancorp Company Profile

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.