Five Star Bancorp (NASDAQ:FSBC) Receives Overweight Rating from Stephens

Stephens reiterated their overweight rating on shares of Five Star Bancorp (NASDAQ:FSBC) in a research note published on Tuesday morning,Benzinga reports. They currently have a $37.00 target price on the stock.

Other research analysts have also recently issued reports about the company. Raymond James started coverage on Five Star Bancorp in a research note on Thursday, December 19th. They set an “outperform” rating and a $38.00 target price for the company. Keefe, Bruyette & Woods boosted their price objective on Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Five Star Bancorp Price Performance

NASDAQ FSBC opened at $30.72 on Tuesday. The company has a market cap of $654.95 million, a P/E ratio of 13.47 and a beta of 0.48. The stock has a 50-day moving average of $31.27 and a two-hundred day moving average of $30.07. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. On average, analysts anticipate that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

Insider Transactions 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 stock was 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 owns 36,765 shares in the company, valued at $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 25.57% of the company’s stock.

Institutional Trading of Five Star Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Five Star Bancorp by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after buying an additional 25,374 shares during the last quarter. State Street Corp grew its holdings in shares of Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after purchasing an additional 66,602 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Five Star Bancorp by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after purchasing an additional 39,256 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Five Star Bancorp by 0.3% in the 3rd quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock valued at $4,202,000 after purchasing an additional 401 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after purchasing an additional 89,834 shares during the period. Institutional investors and hedge funds 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.