Five Star Bancorp (NASDAQ:FSBC) Hits New 1-Year High – Should You Buy?

Five Star Bancorp (NASDAQ:FSBC) shares reached a new 52-week high on Thursday . The company traded as high as $44.99 and last traded at $44.06, with a volume of 180827 shares traded. The stock had previously closed at $43.94.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FSBC shares. Weiss Ratings reissued a “buy (b)” rating on shares of Five Star Bancorp in a report on Monday, June 1st. Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Stephens upped 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, DA Davidson upped their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

Five Star Bancorp Price Performance

The company’s 50-day moving average is $41.30 and its two-hundred day moving average is $38.96. The firm has a market cap of $956.97 million, a P/E ratio of 14.21 and a beta of 0.54.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. The business had revenue of $43.47 million during the quarter. On average, analysts expect that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.00 annualized dividend and a yield of 2.2%. Five Star Bancorp’s dividend payout ratio is currently 31.75%.

Insiders Place Their Bets

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 6,428 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total transaction of $265,026.44. Following the completion of the transaction, the chief executive officer owned 466,586 shares of the company’s stock, valued at approximately $19,237,340.78. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brett Levi Wait sold 2,583 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $41.11, for a total value of $106,187.13. Following the transaction, the senior vice president directly owned 17,608 shares of the company’s stock, valued at approximately $723,864.88. The trade was a 12.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 12,692 shares of company stock valued at $524,640. 21.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new position in Five Star Bancorp during the second quarter worth about $34,000. Quarry LP acquired a new position in Five Star Bancorp during the third quarter worth about $40,000. Raymond James Financial Inc. acquired a new position in Five Star Bancorp during the second quarter worth about $64,000. State of Alaska Department of Revenue raised its stake in Five Star Bancorp by 154.6% during the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after acquiring an additional 1,322 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised 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 acquiring an additional 1,359 shares in the last quarter. 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.