Five Star Bancorp (NASDAQ:FSBC) Given Consensus Rating of “Hold” by Analysts

Shares of Five Star Bancorp (NASDAQ:FSBC) have received an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $45.20.

FSBC has been the subject of several analyst reports. DA Davidson raised their price target on Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Five Star Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, Stephens set a $51.00 price objective on shares of Five Star Bancorp in a research note on Monday, July 27th.

Five Star Bancorp Price Performance

Five Star Bancorp stock opened at $45.62 on Monday. The company has a market capitalization of $1.12 billion, a P/E ratio of 13.50 and a beta of 0.53. The stock’s 50 day moving average is $47.28 and its 200 day moving average is $42.78. Five Star Bancorp has a twelve month low of $30.68 and a twelve month high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Five Star Bancorp had a return on equity of 15.92% and a net margin of 25.92%.The business had revenue of $47.95 million during the quarter, compared to analysts’ expectations of $47.72 million. As a group, equities analysts expect that Five Star Bancorp will post 3.52 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, August 3rd. Five Star Bancorp’s dividend payout ratio is currently 29.59%.

Insider Activity

In other news, Director Kevin Francis Ramos purchased 5,682 shares of Five Star Bancorp stock in a transaction that occurred on Wednesday, July 22nd. The stock was bought at an average price of $44.00 per share, with a total value of $250,008.00. Following the completion of the transaction, the director directly owned 177,546 shares of the company’s stock, valued at approximately $7,812,024. The trade was a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna Lucas acquired 1,136 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, with a total value of $49,984.00. Following the completion of the acquisition, the director owned 14,254 shares in the company, valued at $627,176. The trade was a 8.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 142,727 shares of company stock valued at $6,279,988. Company insiders own 21.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Five Star Bancorp by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock valued at $72,182,000 after purchasing an additional 18,668 shares in the last quarter. California State Teachers Retirement System increased its holdings in Five Star Bancorp by 11,429.8% in the 2nd quarter. California State Teachers Retirement System now owns 1,579,358 shares of the company’s stock worth $76,899,000 after buying an additional 1,565,660 shares in the last quarter. Davis Asset Management L.P. purchased a new position in Five Star Bancorp in the 2nd quarter worth about $73,595,000. BlackRock Inc. purchased a new position in Five Star Bancorp in the 2nd quarter worth about $64,816,000. Finally, Vanguard Group Inc. lifted its stake in Five Star Bancorp by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock valued at $29,017,000 after acquiring an additional 15,183 shares during the period. 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.