Five Star Bancorp (NASDAQ:FSBC) Given Average Recommendation of “Moderate Buy” by Brokerages

Five Star Bancorp (NASDAQ:FSBC) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $42.30.

A number of brokerages have issued reports on FSBC. Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. DA Davidson increased their price target on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Finally, Stephens upped their price objective on shares of 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.

Five Star Bancorp Price Performance

Shares of FSBC stock opened at $48.66 on Friday. The stock has a market cap of $1.04 billion, a P/E ratio of 15.45 and a beta of 0.53. Five Star Bancorp has a fifty-two week low of $28.34 and a fifty-two week high of $50.01. The business has a fifty day simple moving average of $43.32 and a 200-day simple moving average of $40.16.

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

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a $0.25 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.00 annualized dividend and a yield of 2.1%. Five Star Bancorp’s payout ratio is 31.75%.

Insider Buying and Selling at Five Star Bancorp

In other news, SVP Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.11, for a total value of $106,187.13. Following the completion of the sale, the senior vice president owned 17,608 shares of the company’s stock, valued at $723,864.88. The trade was a 12.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Eugene Lee sold 1,641 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $41.26, for a total value of $67,707.66. Following the completion of the transaction, the senior vice president 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 12,692 shares of company stock worth $524,640. Insiders own 21.79% of the company’s stock.

Institutional Trading of Five Star Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in shares of Five Star Bancorp during the 2nd quarter worth about $34,000. Quarry LP purchased a new stake in Five Star Bancorp in the third quarter valued at approximately $40,000. Raymond James Financial Inc. purchased a new stake in Five Star Bancorp in the second quarter valued at approximately $64,000. State of Alaska Department of Revenue increased its position in Five Star Bancorp by 154.6% during the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after purchasing an additional 1,322 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Five Star Bancorp by 65.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after purchasing an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

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.