Five Star Bancorp (NASDAQ:FSBC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Five Star Bancorp (NASDAQ:FSBC) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $45.20.

Several analysts have recently weighed in on FSBC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Five Star Bancorp in a report on Monday, June 1st. Keefe, Bruyette & Woods increased their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. DA Davidson raised their price objective on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Stephens set a $51.00 price objective on Five Star Bancorp in a report on Monday, July 27th. Finally, Zacks Research cut Five Star Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $47.31 on Thursday. The stock has a fifty day moving average price of $46.26 and a 200 day moving average price of $41.86. Five Star Bancorp has a 1-year low of $28.34 and a 1-year high of $50.26. The company has a market cap of $1.01 billion, a PE ratio of 14.00 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $47.95 million for the quarter, compared to analysts’ expectations of $47.72 million. Five Star Bancorp had a net margin of 25.92% and a return on equity of 16.17%. Analysts anticipate that Five Star Bancorp will post 3.5 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Five Star Bancorp’s payout ratio is 29.59%.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, Director Shannon Deary-Bell acquired 5,682 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average price of $44.00 per share, with a total value of $250,008.00. Following the completion of the acquisition, the director directly owned 85,244 shares of the company’s stock, valued at approximately $3,750,736. The trade was a 7.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Judson Teichert Riggs acquired 2,273 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average price of $44.00 per share, with a total value of $100,012.00. Following the transaction, the director directly owned 87,531 shares of the company’s stock, valued at $3,851,364. This represents a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 142,727 shares of company stock valued at $6,279,988 and sold 12,692 shares valued at $524,640. 21.79% of the stock is owned by corporate insiders.

Institutional Trading of Five Star Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. grew its position in Five Star Bancorp by 81.1% during the fourth 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 during the period. Kennedy Capital Management LLC increased its holdings 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 in the last quarter. Inspire Investing LLC lifted its position in shares of Five Star Bancorp by 348.0% during the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock valued at $2,211,000 after acquiring an additional 45,541 shares during the period. Quantinno Capital Management LP lifted its position in shares of Five Star Bancorp by 123.6% during the 1st quarter. Quantinno Capital Management LP now owns 15,956 shares of the company’s stock valued at $602,000 after acquiring an additional 8,821 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Five Star Bancorp by 32.2% during the 1st quarter. Sei Investments Co. now owns 25,886 shares of the company’s stock worth $976,000 after acquiring an additional 6,299 shares in the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.