Five Star Bancorp (NASDAQ:FSBC) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Five Star Bancorp (NASDAQ:FSBC) posted its earnings results on Monday. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07, Zacks reports. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%. The firm had revenue of $52.62 million during the quarter, compared to analyst estimates of $51.31 million.

Five Star Bancorp Price Performance

FSBC opened at $44.50 on Tuesday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.17 and a beta of 0.55. Five Star Bancorp has a 1-year low of $32.20 and a 1-year high of $50.26. The business has a 50 day moving average price of $44.42 and a two-hundred day moving average price of $42.59.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 2nd. Five Star Bancorp’s dividend payout ratio is 29.59%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FSBC. Zacks Research raised Five Star Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Stephens set a $51.00 price objective on Five Star Bancorp in a report on Monday, July 27th. DA Davidson raised their target price on Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings downgraded Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.25.

About Five Star Bancorp

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.