Analysts Set Five Star Bancorp (NASDAQ:FSBC) PT at $42.30

Five Star Bancorp (NASDAQ:FSBC) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $42.30.

FSBC has been the topic of several research analyst reports. Stephens upped their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Finally, DA Davidson upped their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th.

Insider Buying and Selling

In related news, SVP Michael Eugene Lee sold 1,641 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $41.26, for a total value of $67,707.66. Following the transaction, the senior vice president directly owned 33,631 shares in the company, valued at approximately $1,387,615.06. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brett Levi Wait sold 2,583 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $41.11, for a total transaction of $106,187.13. Following the transaction, the senior vice president owned 17,608 shares in the company, valued at $723,864.88. The trade was a 12.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 15,052 shares of company stock worth $601,957. Insiders own 21.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Five Star Bancorp by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after acquiring an additional 390 shares during the last quarter. Jane Street Group LLC bought a new position in Five Star Bancorp during the first quarter valued at approximately $889,000. Russell Investments Group Ltd. bought a new position in Five Star Bancorp during the second quarter valued at approximately $34,000. First Trust Advisors LP grew its position in Five Star Bancorp by 3.4% during the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after acquiring an additional 458 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Five Star Bancorp during the second quarter valued at approximately $509,000. 46.94% of the stock is currently owned by institutional investors.

Five Star Bancorp Stock Down 0.1%

Shares of FSBC opened at $41.96 on Friday. The business’s 50-day moving average price is $39.53 and its 200-day moving average price is $38.04. Five Star Bancorp has a twelve month low of $26.20 and a twelve month high of $42.48. The stock has a market cap of $897.10 million, a PE ratio of 13.32 and a beta of 0.54.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly 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 for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. Analysts expect that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, May 4th. Five Star Bancorp’s dividend payout ratio is 31.75%.

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.