Five Star Bancorp (NASDAQ:FSBC) Stock Rating Lowered by Zacks Research

Five Star Bancorp (NASDAQ:FSBC) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

Several other research analysts have also recently issued reports on FSBC. DA Davidson upped their price objective on Five Star Bancorp from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Keefe, Bruyette & Woods upped their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Finally, Stephens set a $51.00 price target on Five Star Bancorp in a report on Monday. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Five Star Bancorp currently has an average rating of “Hold” and an average price target of $45.20.

Five Star Bancorp Trading Down 0.1%

Shares of FSBC stock opened at $47.19 on Thursday. The company has a market cap of $1.01 billion, a P/E ratio of 13.96 and a beta of 0.53. The firm has a fifty day moving average price of $46.16 and a 200 day moving average price of $41.75. Five Star Bancorp has a 12 month low of $28.34 and a 12 month high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%.The company had revenue of $47.95 million for the quarter, compared to analysts’ expectations of $47.72 million. On average, equities analysts forecast that Five Star Bancorp will post 3.5 EPS for the current year.

Insider Buying and Selling

In related news, Director Kevin Francis Ramos acquired 5,682 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was bought at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Truxtun Perry-Smith acquired 31,363 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, for a total transaction of $1,379,972.00. Following the acquisition, the director owned 258,898 shares of the company’s stock, valued at approximately $11,391,512. The trade was a 13.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 142,727 shares of company stock valued at $6,279,988 and have sold 12,692 shares valued at $524,640. Insiders own 21.79% of the company’s stock.

Institutional Trading of Five Star Bancorp

A number of large investors have recently made changes to their positions in FSBC. T. Rowe Price Investment Management Inc. grew its stake in Five Star Bancorp by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock worth $72,182,000 after buying an additional 18,668 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Five Star Bancorp by 1.7% in the third 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. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Five Star Bancorp by 75.8% in the fourth 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 period. Kennedy Capital Management LLC grew its position in shares of Five Star Bancorp by 14.8% during the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock worth $15,701,000 after acquiring an additional 56,412 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Five Star Bancorp by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock worth $14,285,000 after acquiring an additional 5,038 shares during the last quarter. 46.94% of the stock is 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.