Five Star Bancorp (NASDAQ:FSBC) Receives $45.20 Average Target Price from Brokerages

Shares of Five Star Bancorp (NASDAQ:FSBC) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $45.20.

A number of research analysts recently issued reports on FSBC shares. DA Davidson boosted their price objective on Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Stephens set a $51.00 price objective on shares of Five Star Bancorp in a research note on Monday, July 27th. Keefe, Bruyette & Woods raised their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Finally, Zacks Research downgraded shares of Five Star Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $45.62 on Monday. The stock has a 50-day simple moving average of $47.28 and a two-hundred day simple moving average of $42.77. Five Star Bancorp has a 52-week low of $30.68 and a 52-week high of $50.26. The firm has a market capitalization of $1.12 billion, a PE ratio of 13.50 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Five Star Bancorp had a return on equity of 15.92% and a net margin of 25.92%.The business had revenue of $47.95 million during the quarter, compared to analysts’ expectations of $47.72 million. Equities analysts forecast that Five Star Bancorp will post 3.52 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 29.59%.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, Director Donna Lucas bought 1,136 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, for a total transaction of $49,984.00. Following the completion of the transaction, the director owned 14,254 shares of the company’s stock, valued at $627,176. This trade represents a 8.66% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shannon Deary-Bell bought 5,682 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were acquired at an average price of $44.00 per share, with a total value of $250,008.00. Following the transaction, the director directly owned 85,244 shares of the company’s stock, valued at $3,750,736. This represents a 7.14% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 142,727 shares of company stock valued at $6,279,988. 21.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after buying an additional 390 shares in the last quarter. First Trust Advisors LP grew its stake in Five Star Bancorp by 3.4% during the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after acquiring an additional 458 shares in the last quarter. State of Wyoming purchased a new position in Five Star Bancorp during the second quarter valued at $27,000. Swiss National Bank increased its holdings in Five Star Bancorp by 1.9% in the 4th quarter. Swiss National Bank now owns 31,596 shares of the company’s stock valued at $1,131,000 after acquiring an additional 600 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its holdings in Five Star Bancorp by 11.9% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 7,547 shares of the company’s stock valued at $367,000 after acquiring an additional 800 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors.

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.