DA Davidson Reaffirms Buy Rating for Five Star Bancorp (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBC)‘s stock had its “buy” rating reaffirmed by equities researchers at DA Davidson in a report released on Thursday,Benzinga reports. They presently have a $38.50 target price on the stock. DA Davidson’s price target suggests a potential upside of 25.61% from the company’s previous close.

FSBC has been the topic of several other reports. Stephens reiterated an “overweight” rating and set a $37.00 target price on shares of Five Star Bancorp in a report on Tuesday. Raymond James reaffirmed an “outperform” rating and set a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a report on Wednesday. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Thursday.

Five Star Bancorp Stock Down 0.8 %

FSBC stock traded down $0.24 during trading on Thursday, hitting $30.65. The company had a trading volume of 6,730 shares, compared to its average volume of 43,310. The firm has a 50-day moving average price of $31.25 and a 200-day moving average price of $30.08. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13. The firm has a market cap of $653.46 million, a PE ratio of 13.44 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. Sell-side analysts anticipate that Five Star Bancorp will post 2.19 earnings per share for the current year.

Hedge Funds Weigh In On Five Star Bancorp

A number of hedge funds have recently modified their holdings of FSBC. Charles Schwab Investment Management Inc. lifted its position in shares of Five Star Bancorp by 201.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after purchasing an additional 89,834 shares in the last quarter. State Street Corp grew its holdings in shares of Five Star Bancorp by 21.7% during the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after acquiring an additional 66,602 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 39,256 shares in the last quarter. Geode Capital Management LLC boosted its position in Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after purchasing an additional 25,374 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Five Star Bancorp by 128.7% in the 2nd quarter. Renaissance Technologies LLC now owns 41,400 shares of the company’s stock worth $979,000 after purchasing an additional 23,300 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.