Five Star Bancorp (NASDAQ:FSBC) Reaches New 12-Month High – Here’s What Happened

Five Star Bancorp (NASDAQ:FSBC) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.04 and last traded at $39.0850, with a volume of 21888 shares. The stock had previously closed at $37.36.

Analysts Set New Price Targets

A number of research firms have weighed in on FSBC. Raymond James Financial reaffirmed an “outperform” rating and set a $40.00 target price (up previously from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a report on Wednesday, October 8th. Janney Montgomery Scott assumed coverage on shares of Five Star Bancorp in a research note on Friday, October 10th. They set a “buy” rating and a $37.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on shares of Five Star Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, October 30th. Finally, Stephens cut shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price on the stock. in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.40.

Five Star Bancorp Trading Down 3.9%

The stock’s fifty day moving average price is $36.17 and its 200 day moving average price is $33.66. The stock has a market cap of $816.98 million, a P/E ratio of 14.16 and a beta of 0.52.

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

Five Star Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.25 per share. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, February 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. Five Star Bancorp’s dividend payout ratio is currently 29.63%.

Institutional Trading of Five Star Bancorp

A number of hedge funds have recently bought and sold shares of FSBC. American Century Companies Inc. lifted its stake in shares of Five Star Bancorp by 9.9% in the 2nd quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock valued at $9,492,000 after acquiring an additional 29,943 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Five Star Bancorp by 278.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 68,640 shares of the company’s stock worth $2,210,000 after acquiring an additional 50,486 shares during the last quarter. Creative Planning purchased a new position in Five Star Bancorp in the 2nd quarter worth approximately $499,000. AlphaQuest LLC increased its stake in Five Star Bancorp by 127.5% in the 2nd quarter. AlphaQuest LLC now owns 17,383 shares of the company’s stock worth $496,000 after purchasing an additional 9,743 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in Five Star Bancorp by 67.0% in the second quarter. Los Angeles Capital Management LLC now owns 26,935 shares of the company’s stock valued at $769,000 after purchasing an additional 10,808 shares during the last quarter. Institutional investors 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.