Five Star Bancorp (NASDAQ:FSBC) Research Coverage Started at Raymond James

Raymond James initiated coverage on shares of Five Star Bancorp (NASDAQ:FSBC) in a research note released on Thursday, MarketBeat.com reports. The firm issued an outperform rating and a $38.00 price target on the stock.

Separately, Keefe, Bruyette & Woods increased their price objective on Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Five Star Bancorp Stock Performance

Shares of Five Star Bancorp stock opened at $30.39 on Thursday. The company has a 50-day simple moving average of $31.95 and a two-hundred day simple moving average of $28.69. The stock has a market capitalization of $647.88 million, a PE ratio of 13.33 and a beta of 0.45. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. The firm had revenue of $54.05 million during the quarter. During the same period in the prior year, the firm posted $0.64 EPS. As a group, equities research analysts forecast that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Insider Buying and Selling at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now directly owns 36,765 shares in the company, valued at approximately $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 25.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Five Star Bancorp in the 3rd quarter worth $109,000. Acadian Asset Management LLC purchased a new position in shares of Five Star Bancorp during the 2nd quarter valued at about $124,000. SG Americas Securities LLC bought a new position in shares of Five Star Bancorp during the 3rd quarter valued at approximately $182,000. PDT Partners LLC purchased a new stake in Five Star Bancorp in the 3rd quarter worth approximately $244,000. Finally, Inspire Investing LLC bought a new stake in Five Star Bancorp during the 3rd quarter worth approximately $414,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

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.