Five Star Bancorp (NASDAQ:FSBC) Reaches New 1-Year High – Here’s Why

Five Star Bancorp (NASDAQ:FSBC) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.26 and last traded at $49.70, with a volume of 42832 shares traded. The stock had previously closed at $48.37.

Analyst Upgrades and Downgrades

Several analysts have commented on FSBC shares. Keefe, Bruyette & Woods lifted their price objective on shares of 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 report on Monday, June 1st. DA Davidson boosted their target price 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. Finally, Stephens upped their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $42.30.

Five Star Bancorp Stock Down 1.8%

The firm has a 50-day moving average of $44.83 and a two-hundred day moving average of $40.95. The company has a market capitalization of $1.04 billion, a PE ratio of 15.50 and a beta of 0.53.

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

Insider Activity at Five Star Bancorp

In related news, SVP Brett Levi Wait sold 2,583 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $41.11, for a total transaction of $106,187.13. Following the sale, the senior vice president directly owned 17,608 shares of the company’s stock, valued at approximately $723,864.88. This represents a 12.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael Eugene Lee sold 1,641 shares of the firm’s 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 sale, the senior vice president owned 33,631 shares in the company, valued at approximately $1,387,615.06. This represents a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,692 shares of company stock worth $524,640 in the last three months. Company insiders own 21.79% of the company’s stock.

Institutional Investors Weigh In On Five Star Bancorp

A number of institutional investors have recently modified their holdings of FSBC. Russell Investments Group Ltd. acquired a new position in Five Star Bancorp in the 2nd quarter worth about $34,000. Quarry LP purchased a new stake in shares of Five Star Bancorp in the third quarter valued at approximately $40,000. State of Alaska Department of Revenue increased its position in shares of Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock valued at $77,000 after buying an additional 1,322 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Five Star Bancorp during the 2nd quarter worth approximately $64,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Five Star Bancorp by 65.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after buying an additional 1,359 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.