Five Star Bancorp (NASDAQ:FSBC) Declares Dividend Increase – $0.25 Per Share

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Thursday, January 15th. Stockholders of record on Monday, February 2nd will be given a dividend of 0.25 per share on Monday, February 9th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, February 2nd. This is a 25.0% increase from Five Star Bancorp’s previous quarterly dividend of $0.20.

Five Star Bancorp has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Five Star Bancorp to earn $3.11 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 25.7%.

Five Star Bancorp Stock Up 0.3%

Shares of NASDAQ:FSBC opened at $39.62 on Friday. Five Star Bancorp has a 12-month low of $22.22 and a 12-month high of $40.31. The company’s 50 day moving average price is $36.74 and its two-hundred day moving average price is $33.97. The firm has a market cap of $846.68 million, a PE ratio of 13.66 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.73%. The business had revenue of $40.67 million for the quarter, compared to analysts’ expectations of $42.58 million. On average, research analysts expect that Five Star Bancorp will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stephens downgraded Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price for the company. in a report on Monday, November 10th. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 target price (up previously from $34.00) on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Janney Montgomery Scott started coverage on Five Star Bancorp in a research note on Friday, October 10th. They set a “buy” rating and a $37.00 price objective for the company. DA Davidson increased their price target on shares of Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

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.