Five Star Bancorp (NASDAQ:FSBC) Releases Quarterly Earnings Results

Five Star Bancorp (NASDAQ:FSBC) issued its quarterly earnings data on Wednesday. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05, FiscalAI reports. The company had revenue of $47.95 million for the quarter, compared to analyst estimates of $47.72 million. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%.

Five Star Bancorp Price Performance

Five Star Bancorp stock traded down $0.96 during midday trading on Wednesday, hitting $48.37. The company’s stock had a trading volume of 80,413 shares, compared to its average volume of 99,328. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 15.36 and a beta of 0.53. Five Star Bancorp has a 1-year low of $28.34 and a 1-year high of $50.26. The company has a 50-day moving average price of $45.16 and a two-hundred day moving average price of $41.17.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is currently 31.75%.

Insider Transactions at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,641 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $41.26, for a total transaction of $67,707.66. Following the sale, the senior vice president owned 33,631 shares of the company’s stock, valued at $1,387,615.06. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Eugene Beckwith sold 6,428 shares of Five Star Bancorp stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $41.23, for a total value of $265,026.44. Following the completion of the transaction, the chief executive officer directly owned 466,586 shares of the company’s stock, valued at $19,237,340.78. This represents a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 12,692 shares of company stock valued at $524,640. 21.79% of the stock is currently owned by company insiders.

Institutional Trading of Five Star Bancorp

Several large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in shares of Five Star Bancorp in the second quarter worth $34,000. Quarry LP bought a new stake in Five Star Bancorp during the third quarter worth about $40,000. Raymond James Financial Inc. bought a new stake in Five Star Bancorp during the second quarter worth about $64,000. Tower Research Capital LLC TRC grew its stake in Five Star Bancorp by 65.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after buying an additional 1,359 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Five Star Bancorp by 159.7% during the second quarter. BNP Paribas Financial Markets now owns 4,306 shares of the company’s stock worth $123,000 after buying an additional 2,648 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. DA Davidson lifted their target price on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods increased 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. Stephens raised 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

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.