Five Star Bancorp (NASDAQ:FSBC) Receives $39.40 Consensus PT from Analysts

Shares of Five Star Bancorp (NASDAQ:FSBC) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.40.

A number of research firms have recently issued reports on FSBC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Wednesday, October 8th. Stephens cut Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research note on Monday, November 10th. Janney Montgomery Scott began coverage on Five Star Bancorp in a report on Friday, October 10th. They set a “buy” rating and a $37.00 price target for the company. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price objective (up from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Five Star Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th.

Hedge Funds Weigh In On Five Star Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Five Star Bancorp during the 3rd quarter worth approximately $27,000. CWM LLC increased its position in Five Star Bancorp by 375.9% during the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after buying an additional 827 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Five Star Bancorp during the second quarter worth $34,000. Quarry LP bought a new stake in shares of Five Star Bancorp in the third quarter valued at about $40,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Five Star Bancorp in the second quarter valued at about $64,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Price Performance

Shares of FSBC opened at $36.58 on Friday. The company has a market cap of $781.71 million, a PE ratio of 13.55 and a beta of 0.52. The firm has a 50-day moving average of $35.62 and a 200-day moving average of $33.25. Five Star Bancorp has a one year low of $22.22 and a one year high of $38.86.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%. The business had revenue of $41.31 million during the quarter, compared to the consensus estimate of $40.34 million. During the same period last year, the business posted $0.52 EPS. Analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were given a dividend of $0.20 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.80 annualized dividend and a yield of 2.2%. Five Star Bancorp’s dividend payout ratio (DPR) is 29.63%.

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.