Five Star Bancorp (NASDAQ:FSBC) to Issue Quarterly Dividend of $0.25

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Friday, October 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.25 per share on Monday, November 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd.

Five Star Bancorp has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Five Star Bancorp to earn $3.72 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.9%.

Five Star Bancorp Price Performance

Shares of NASDAQ:FSBC opened at $44.92 on Friday. Five Star Bancorp has a 1-year low of $32.20 and a 1-year high of $50.26. The stock has a market cap of $1.10 billion, a P/E ratio of 12.73 and a beta of 0.55. The firm has a fifty day moving average price of $44.39 and a 200 day moving average price of $42.76.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, October 26th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $52.62 million during the quarter, compared to analysts’ expectations of $51.31 million. Five Star Bancorp had a net margin of 26.58% and a return on equity of 16.89%. Sell-side analysts expect that Five Star Bancorp will post 3.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FSBC has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, September 21st. DA Davidson reissued a “buy” rating and set a $55.00 price objective on shares of Five Star Bancorp in a research note on Tuesday. Stephens set a $51.00 price objective on Five Star Bancorp in a report on Monday, July 27th. Finally, Zacks Research raised Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.67.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.