Five Star Bancorp (NASDAQ:FSBC) Posts Earnings Results, Beats Estimates By $0.06 EPS

Five Star Bancorp (NASDAQ:FSBC) announced its quarterly earnings results on Monday. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06, Zacks reports. Five Star Bancorp had a return on equity of 13.88% and a net margin of 23.18%.

Five Star Bancorp Stock Up 1.5%

Shares of NASDAQ FSBC traded up $0.57 on Monday, reaching $38.80. 110,482 shares of the company’s stock traded hands, compared to its average volume of 71,393. The business’s 50 day simple moving average is $36.17 and its two-hundred day simple moving average is $33.71. Five Star Bancorp has a 12 month low of $22.22 and a 12 month high of $40.31. The company has a market cap of $829.16 million, a price-to-earnings ratio of 14.37 and a beta of 0.52.

Five Star Bancorp Increases Dividend

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

Hedge Funds Weigh In On Five Star Bancorp

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

Analyst Ratings Changes

FSBC has been the subject of several research reports. Keefe, Bruyette & Woods upped their price objective 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. Stephens cut shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research report on Monday, November 10th. Janney Montgomery Scott started coverage on shares of Five Star Bancorp in a research note on Friday, October 10th. They issued a “buy” rating and a $37.00 price target for the company. DA Davidson set a $43.00 price objective on shares of Five Star Bancorp in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.40.

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.