Five Star Bancorp (NASDAQ:FSBC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Five Star Bancorp (NASDAQ:FSBC) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $40.00.

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. DA Davidson lifted their price objective on Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, January 29th.

Five Star Bancorp Stock Down 0.1%

Shares of Five Star Bancorp stock opened at $37.35 on Friday. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $42.26. The stock has a market cap of $798.54 million, a price-to-earnings ratio of 12.88 and a beta of 0.52. The company’s fifty day moving average is $38.88 and its 200 day moving average is $36.09.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. The business had revenue of $40.67 million during the quarter, compared to analyst estimates of $42.58 million. Five Star Bancorp had a return on equity of 14.49% and a net margin of 24.11%. As a group, equities analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Five Star Bancorp’s previous quarterly dividend of $0.20. Five Star Bancorp’s payout ratio is currently 34.48%.

Insider Buying and Selling at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,200 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $39.30, for a total value of $47,160.00. Following the transaction, the senior vice president owned 35,272 shares in the company, valued at $1,386,189.60. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $36.66, for a total transaction of $146,640.00. Following the sale, the chief executive officer directly owned 473,014 shares in the company, valued at $17,340,693.24. This trade represents a 0.84% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 21.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. grew its stake in Five Star Bancorp by 75.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock worth $20,388,000 after purchasing an additional 245,727 shares during the period. Russell Investments Group Ltd. increased its holdings in Five Star Bancorp by 4,770.8% in the third quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company’s stock worth $1,892,000 after purchasing an additional 57,536 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in Five Star Bancorp by 14.8% in the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after buying an additional 56,412 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in shares of Five Star Bancorp by 81.1% during the 4th quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock worth $4,449,000 after buying an additional 55,698 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Five Star Bancorp by 69.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 84,110 shares of the company’s stock worth $2,708,000 after buying an additional 34,570 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

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.