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

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

Several research firms recently commented on FSBC. Stephens boosted their price target on Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods boosted their price target 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Finally, DA Davidson boosted their price target on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th.

Insider Buying and Selling

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,641 shares of Five Star Bancorp stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $41.26, for a total transaction of $67,707.66. Following the sale, the senior vice president directly owned 33,631 shares in the company, valued at $1,387,615.06. The trade was a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock in a transaction that occurred 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 sale, the senior vice president owned 17,608 shares in the company, valued at $723,864.88. This represents a 12.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,824 shares of company stock valued at $384,091. Corporate insiders own 21.79% of the company’s stock.

Institutional Investors Weigh In On Five Star Bancorp

A number of institutional investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of Five Star Bancorp by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock valued at $72,182,000 after acquiring an additional 18,668 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Five Star Bancorp by 1.7% in 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 last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Five Star Bancorp by 75.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock valued at $20,388,000 after acquiring an additional 245,727 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Five Star Bancorp by 14.8% in the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after acquiring an additional 56,412 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Five Star Bancorp by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock valued at $14,285,000 after acquiring an additional 5,038 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors.

Five Star Bancorp Price Performance

NASDAQ FSBC opened at $40.39 on Friday. The firm has a market capitalization of $863.54 million, a P/E ratio of 12.82 and a beta of 0.54. Five Star Bancorp has a 1-year low of $26.20 and a 1-year high of $42.26. The business’s 50-day simple moving average is $39.13 and its 200-day simple moving average is $37.85.

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 business had revenue of $43.47 million for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. On average, equities research analysts expect that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.00 annualized dividend and a yield of 2.5%. Five Star Bancorp’s payout ratio is 31.75%.

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.