Five Star Bancorp (NASDAQ:FSBC) Receives Average Rating of “Hold” from Brokerages

Shares of Five Star Bancorp (NASDAQ:FSBC) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $45.20.

Several equities analysts have issued reports on FSBC shares. Zacks Research lowered Five Star Bancorp from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods raised their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. DA Davidson lifted their price objective on shares of Five Star Bancorp from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Finally, Stephens set a $51.00 price objective on shares of Five Star Bancorp in a research note on Monday, July 27th.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, Director Kevin Francis Ramos acquired 5,682 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the acquisition, the director owned 177,546 shares in the company, valued at approximately $7,812,024. This trade represents a 3.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shannon Deary-Bell acquired 5,682 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average price of $44.00 per share, with a total value of $250,008.00. Following the acquisition, the director owned 85,244 shares in the company, valued at approximately $3,750,736. The trade was a 7.14% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 142,727 shares of company stock valued at $6,279,988. Corporate insiders own 21.79% of the company’s stock.

Institutional Trading of Five Star Bancorp

Several large investors have recently bought and sold shares of FSBC. State of Wyoming acquired a new position in Five Star Bancorp during the 2nd quarter valued at approximately $27,000. Russell Investments Group Ltd. acquired a new stake in shares of Five Star Bancorp during the second quarter worth $34,000. Quarry LP purchased a new stake in shares of Five Star Bancorp during the third quarter valued at $40,000. Globeflex Capital L P purchased a new stake in shares of Five Star Bancorp during the second quarter valued at $46,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at $64,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Stock Performance

Shares of NASDAQ FSBC opened at $45.15 on Monday. The stock has a market capitalization of $1.11 billion, a PE ratio of 13.36 and a beta of 0.53. The stock’s fifty day simple moving average is $47.19 and its two-hundred day simple moving average is $42.63. Five Star Bancorp has a 12-month low of $30.68 and a 12-month high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. The firm had revenue of $47.95 million during the quarter, compared to analyst estimates of $47.72 million. Five Star Bancorp had a return on equity of 15.92% and a net margin of 25.92%. On average, equities analysts predict that Five Star Bancorp will post 3.52 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 3rd. Five Star Bancorp’s payout ratio is currently 29.59%.

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.