Brokerages Set Five Star Bancorp (NASDAQ:FSBC) Target Price at $45.20

Five Star Bancorp (NASDAQ:FSBC) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.20.

A number of equities research analysts recently weighed in on FSBC shares. DA Davidson increased their price target on Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Stephens set a $51.00 price target on shares of Five Star Bancorp in a research report on Monday, July 27th. Keefe, Bruyette & Woods upped their price objective on shares of 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 report on Monday, June 1st. Finally, Zacks Research downgraded Five Star Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th.

Insider Transactions at Five Star Bancorp

In other news, Director Robert Truxtun Perry-Smith acquired 31,363 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, for a total transaction of $1,379,972.00. Following the completion of the acquisition, the director directly owned 258,898 shares in the company, valued at $11,391,512. The trade was a 13.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Shannon Deary-Bell purchased 5,682 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the transaction, the director directly owned 85,244 shares of the company’s stock, valued at $3,750,736. This represents a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 142,727 shares of company stock valued at $6,279,988 and sold 10,651 shares valued at $440,536. 21.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five Star Bancorp

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in Five Star Bancorp by 59.6% during the first quarter. Bank of America Corp DE now owns 22,491 shares of the company’s stock worth $848,000 after buying an additional 8,402 shares in the last quarter. Quantinno Capital Management LP grew its position in Five Star Bancorp by 123.6% during the first quarter. Quantinno Capital Management LP now owns 15,956 shares of the company’s stock valued at $602,000 after acquiring an additional 8,821 shares during the last quarter. Sei Investments Co. raised its position in Five Star Bancorp by 32.2% in the 1st quarter. Sei Investments Co. now owns 25,886 shares of the company’s stock worth $976,000 after purchasing an additional 6,299 shares during the period. Dimensional Fund Advisors LP lifted its stake in Five Star Bancorp by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after purchasing an additional 34,396 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in Five Star Bancorp by 24.9% during the first quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock valued at $5,857,000 after buying an additional 30,936 shares during the period. 46.94% of the stock is owned by institutional investors.

Five Star Bancorp Stock Down 0.5%

Shares of NASDAQ FSBC opened at $46.73 on Thursday. The firm’s 50-day simple moving average is $46.45 and its 200 day simple moving average is $42.00. Five Star Bancorp has a 12-month low of $28.34 and a 12-month high of $50.26. The company has a market cap of $999.09 million, a price-to-earnings ratio of 13.83 and a beta of 0.53.

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

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.00 annualized dividend and a yield of 2.1%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 29.59%.

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.