Keefe, Bruyette & Woods Increases Five Star Bancorp (NASDAQ:FSBC) Price Target to $41.00

Five Star Bancorp (NASDAQ:FSBC) had its price target boosted by Keefe, Bruyette & Woods from $40.00 to $41.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 6.01% from the company’s current price.

Several other analysts have also recently issued reports on the company. Raymond James Financial restated an “outperform” rating and set a $40.00 price objective (up previously from $34.00) on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Stephens lowered Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a report on Monday, November 10th. 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 report on Wednesday. Janney Montgomery Scott initiated coverage on shares of Five Star Bancorp in a research report on Friday, October 10th. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.00.

Five Star Bancorp Trading Up 0.6%

Shares of NASDAQ FSBC traded up $0.25 during midday trading on Thursday, reaching $38.68. 31,497 shares of the stock were exchanged, compared to its average volume of 70,040. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $40.31. The stock has a 50 day moving average price of $36.49 and a 200-day moving average price of $33.86. The company has a market capitalization of $826.48 million, a P/E ratio of 13.34 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. The business had revenue of $40.67 million for the quarter, compared to analysts’ expectations of $42.58 million. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.73%. On average, analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Five Star Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Five Star Bancorp in the 3rd quarter worth about $27,000. CWM LLC raised its holdings in shares of Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company’s stock valued at $30,000 after purchasing an additional 827 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Five Star Bancorp in the 2nd quarter valued at about $34,000. Quarry LP acquired a new position in Five Star Bancorp during the 3rd quarter worth approximately $40,000. Finally, Raymond James Financial Inc. acquired a new stake in Five Star Bancorp in the second quarter valued at approximately $64,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.