Five Star Bancorp (NASDAQ:FSBC) Declares $0.20 Quarterly Dividend

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Friday, July 19th, Zacks reports. Shareholders of record on Monday, August 5th will be given a dividend of 0.20 per share on Monday, August 12th. This represents a $0.80 annualized dividend and a yield of 2.96%. The ex-dividend date is Monday, August 5th.

Five Star Bancorp has a dividend payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $2.47 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 32.4%.

Five Star Bancorp Price Performance

NASDAQ:FSBC opened at $27.07 on Friday. The firm’s fifty day moving average is $24.79 and its two-hundred day moving average is $23.64. The firm has a market cap of $577.13 million, a price-to-earnings ratio of 10.29 and a beta of 0.42. Five Star Bancorp has a one year low of $18.50 and a one year high of $30.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.08.

Insider Buying and Selling

In related news, SVP Michael Eugene Lee sold 3,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $29.09, for a total transaction of $87,270.00. Following the completion of the transaction, the senior vice president now owns 38,265 shares in the company, valued at approximately $1,113,128.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 25.57% of the company’s stock.

Analyst Upgrades and Downgrades

FSBC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Stephens upped their price objective on shares of Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, DA Davidson upped their price objective on shares of Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

About Five Star Bancorp

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.