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

Shares of Five Star Bancorp (NASDAQ:FSBC) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $42.30.

A number of brokerages have issued reports on FSBC. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Stephens raised their price target on Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. DA Davidson raised their price target on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods raised their price target on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st.

Five Star Bancorp Trading Down 1.3%

Five Star Bancorp stock opened at $40.39 on Friday. The stock has a market cap of $863.54 million, a PE ratio of 12.82 and a beta of 0.54. The stock has a 50-day moving average price of $39.13 and a 200 day moving average price of $37.85. Five Star Bancorp has a 52 week low of $26.20 and a 52 week high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.83 earnings per share (EPS) for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%.The firm had revenue of $43.47 million for the quarter. On average, equities analysts predict that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, May 4th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 31.75%.

Insiders Place Their Bets

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,641 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $41.26, for a total value of $67,707.66. Following the sale, the senior vice president directly owned 33,631 shares of the company’s stock, valued at approximately $1,387,615.06. This trade represents a 4.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the completion of the transaction, the chief executive officer directly owned 473,014 shares in the company, valued at $17,340,693.24. This represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 9,824 shares of company stock valued at $384,091. Insiders own 21.79% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Five Star Bancorp by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after purchasing an additional 390 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Five Star Bancorp in the 1st quarter valued at about $889,000. Russell Investments Group Ltd. acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at about $34,000. First Trust Advisors LP lifted its stake in shares of Five Star Bancorp by 3.4% in the 2nd quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after purchasing an additional 458 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at about $509,000. 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.