Brokerages Set Five Star Bancorp (NASDAQ:FSBC) PT at $40.00

Shares of Five Star Bancorp (NASDAQ:FSBC) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.00.

FSBC has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Finally, DA Davidson increased their price target on Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th.

Five Star Bancorp Stock Up 0.6%

NASDAQ:FSBC opened at $38.31 on Friday. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $42.26. The firm has a market capitalization of $819.07 million, a price-to-earnings ratio of 13.21 and a beta of 0.53. The stock’s 50 day moving average price is $38.81 and its two-hundred day moving average price is $36.26.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.49%. The business had revenue of $40.67 million during the quarter, compared to the consensus estimate of $42.58 million. As a group, analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. Five Star Bancorp’s payout ratio is currently 34.48%.

Insider Transactions at Five Star Bancorp

In other news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $36.66, for a total transaction of $146,640.00. Following the transaction, the chief executive officer owned 473,014 shares in the company, valued at approximately $17,340,693.24. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Eugene Lee sold 1,200 shares of Five Star Bancorp stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $39.30, for a total value of $47,160.00. Following the sale, the senior vice president directly owned 35,272 shares of the company’s stock, valued at approximately $1,386,189.60. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 21.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Five Star Bancorp in the 3rd quarter worth about $27,000. Russell Investments Group Ltd. acquired a new position in shares of Five Star Bancorp during the 2nd quarter worth $34,000. Quarry LP acquired a new position in Five Star Bancorp during the third quarter worth about $40,000. CWM LLC lifted its stake in Five Star Bancorp by 103.3% in the 3rd quarter. CWM LLC now owns 2,129 shares of the company’s stock valued at $69,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Five Star Bancorp in the 2nd quarter valued at $64,000. 46.94% of the stock is owned by institutional investors and hedge funds.

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.