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

Five Star Bancorp (NASDAQ:FSBC) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $40.00.

Several equities research analysts recently issued reports on the company. Janney Montgomery Scott assumed coverage on Five Star Bancorp in a report on Friday, October 10th. They issued a “buy” rating and a $37.00 price objective on the stock. DA Davidson boosted their price target on shares of Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Stephens cut shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research report on Monday, November 10th. Raymond James Financial restated an “outperform” rating and issued a $40.00 price objective (up previously from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in Five Star Bancorp during the 3rd quarter worth $27,000. CWM LLC grew its position in shares of Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after buying an additional 827 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Five Star Bancorp during the second quarter worth approximately $34,000. Quarry LP acquired a new stake in Five Star Bancorp in the third quarter valued at approximately $40,000. Finally, Raymond James Financial Inc. purchased a new position in Five Star Bancorp in the second quarter worth approximately $64,000. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $41.05 on Thursday. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $41.56. The company has a 50 day moving average price of $37.10 and a 200 day moving average price of $34.21. The stock has a market capitalization of $877.65 million, a P/E ratio of 14.16 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.73% and a net margin of 24.11%.The company had revenue of $40.67 million for the quarter, compared to analyst estimates of $42.58 million. Research analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.25 per share. This is an increase from Five Star Bancorp’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, February 2nd. Five Star Bancorp’s dividend payout ratio is currently 34.48%.

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.