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

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Thursday, April 16th. Shareholders of record on Monday, May 4th will be given a dividend of 0.25 per share on Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, May 4th.

Five Star Bancorp has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Five Star Bancorp to earn $3.92 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 25.5%.

Five Star Bancorp Trading Up 1.6%

NASDAQ:FSBC traded up $0.64 during trading hours on Friday, reaching $41.09. 74,099 shares of the company were exchanged, compared to its average volume of 97,339. The stock’s 50-day moving average is $38.89 and its 200-day moving average is $37.35. The firm has a market cap of $878.34 million, a PE ratio of 13.04 and a beta of 0.53. Five Star Bancorp has a twelve month low of $26.20 and a twelve month high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $43.47 million during the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.56%. As a group, research analysts anticipate that Five Star Bancorp will post 3.5 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. 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. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. 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. 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.30.

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.