Five Star Bancorp (NASDAQ:FSBC) Cut to Equal Weight at Stephens

Stephens lowered shares of Five Star Bancorp (NASDAQ:FSBC) from an overweight rating to an equal weight rating in a report issued on Monday morning, MarketBeat Ratings reports. The firm currently has $37.00 target price on the stock.

Several other research analysts have also recently issued reports on the company. DA Davidson set a $43.00 price objective on Five Star Bancorp in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods raised their price target on Five Star Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th. Raymond James Financial restated an “outperform” rating and issued a $40.00 price objective (up from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Wednesday, October 8th. Finally, Janney Montgomery Scott started coverage on shares of Five Star Bancorp in a report on Friday, October 10th. They issued a “buy” rating and a $37.00 price target for the company. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.40.

Five Star Bancorp Stock Up 1.5%

Shares of Five Star Bancorp stock opened at $35.14 on Monday. The stock’s fifty day moving average is $33.41 and its two-hundred day moving average is $30.80. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $37.74. The company has a market capitalization of $750.94 million, a PE ratio of 13.01 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%. The firm had revenue of $41.31 million for the quarter, compared to analysts’ expectations of $40.34 million. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, research analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, November 3rd. Five Star Bancorp’s dividend payout ratio is presently 29.63%.

Insider Buying and Selling at Five Star Bancorp

In other news, COO Lydia Ann Ramirez-Medina sold 825 shares of Five Star Bancorp stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $30.94, for a total value of $25,525.50. Following the transaction, the chief operating officer owned 11,960 shares of the company’s stock, valued at $370,042.40. The trade was a 6.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FSBC. Vanguard Group Inc. raised its stake in Five Star Bancorp by 1.7% in the third quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock valued at $29,017,000 after buying an additional 15,183 shares during the last quarter. Franklin Resources Inc. boosted its stake in Five Star Bancorp by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 493,475 shares of the company’s stock worth $14,084,000 after purchasing an additional 2,233 shares in the last quarter. Invesco Ltd. grew its position in Five Star Bancorp by 4.1% during the 1st quarter. Invesco Ltd. now owns 360,777 shares of the company’s stock worth $10,030,000 after purchasing an additional 14,126 shares during the last quarter. American Century Companies Inc. increased its stake in Five Star Bancorp by 9.9% during the 2nd quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock valued at $9,492,000 after purchasing an additional 29,943 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Five Star Bancorp by 26.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 293,249 shares of the company’s stock worth $8,369,000 after buying an additional 60,584 shares during the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Company Profile

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.