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

Five Star Bancorp (NASDAQ:FSBC) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $42.30.

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. DA Davidson boosted their target price on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods increased their target price 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. Finally, Stephens raised their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th.

Five Star Bancorp Stock Performance

Shares of Five Star Bancorp stock opened at $48.66 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of 15.45 and a beta of 0.53. Five Star Bancorp has a one year low of $28.34 and a one year high of $50.01. The firm has a fifty day moving average of $43.32 and a two-hundred day moving average of $40.16.

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

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, May 4th. Five Star Bancorp’s dividend payout ratio is currently 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 on Thursday, May 7th. The stock was sold at an average price of $41.26, for a total value of $67,707.66. Following the completion of the sale, the senior vice president 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brett Levi Wait sold 2,583 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.11, for a total transaction of $106,187.13. Following the transaction, the senior vice president directly owned 17,608 shares in the company, valued at approximately $723,864.88. This trade represents a 12.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 12,692 shares of company stock worth $524,640. 21.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after buying an additional 390 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Five Star Bancorp during the 1st quarter worth approximately $889,000. Russell Investments Group Ltd. acquired a new stake in shares of Five Star Bancorp in the 2nd quarter worth approximately $34,000. First Trust Advisors LP grew its holdings 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 worth $394,000 after acquiring an additional 458 shares during the period. Finally, Marshall Wace LLP purchased a new position in Five Star Bancorp in the 2nd quarter valued at approximately $509,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

About Five Star Bancorp

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.