Five Star Bancorp (NASDAQ:FSBC) Sets New 52-Week High – Still a Buy?

Shares of Five Star Bancorp (NASDAQ:FSBC) hit a new 52-week high on Thursday . The company traded as high as $44.99 and last traded at $44.06, with a volume of 180827 shares trading hands. The stock had previously closed at $43.94.

Analyst Ratings Changes

Several research analysts have recently commented on the company. DA Davidson lifted their price target on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a report on Monday, June 1st. Stephens lifted their price target on Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

Five Star Bancorp Trading Up 0.3%

The firm has a 50 day moving average price of $41.03 and a 200-day moving average price of $38.84. The firm has a market cap of $941.83 million, a PE ratio of 13.99 and a beta of 0.54.

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

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Five Star Bancorp’s payout ratio is presently 31.75%.

Insider Buying and Selling

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 6,428 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total transaction of $265,026.44. Following the sale, the chief executive officer directly owned 466,586 shares in the company, valued at approximately $19,237,340.78. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Eugene Lee sold 1,641 shares of the business’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 sale, the senior vice president owned 33,631 shares in the company, valued at approximately $1,387,615.06. The trade was a 4.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,692 shares of company stock valued at $524,640 over the last quarter. Company insiders own 21.79% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Five Star Bancorp by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after purchasing 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 valued at about $889,000. Russell Investments Group Ltd. acquired a new stake in Five Star Bancorp during the 2nd quarter valued at approximately $34,000. First Trust Advisors LP grew its stake in Five Star Bancorp by 3.4% during 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 stake in Five Star Bancorp during the 2nd quarter valued at approximately $509,000. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

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.