Five Star Bancorp (NASDAQ:FSBC) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Five Star Bancorp (NASDAQ:FSBC) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $45.20.

Several brokerages have recently commented on FSBC. Stephens set a $51.00 price objective on Five Star Bancorp in a report on Monday, July 27th. Zacks Research upgraded Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Weiss Ratings lowered Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Finally, DA Davidson increased their price target 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.

Insider Transactions at Five Star Bancorp

In related news, Director Shannon Deary-Bell bought 5,682 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of $44.00 per share, with a total value of $250,008.00. Following the transaction, the director owned 85,244 shares in the company, valued at approximately $3,750,736. This trade represents a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Perry-Smith purchased 31,363 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of $44.00 per share, for a total transaction of $1,379,972.00. Following the purchase, the director directly owned 258,898 shares in the company, valued at $11,391,512. This represents a 13.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 142,727 shares of company stock worth $6,279,988 over the last ninety days. 21.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FSBC. Davis Asset Management L.P. acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at $73,595,000. BlackRock Inc. acquired a new stake in Five Star Bancorp during the 2nd quarter worth about $64,816,000. Kennedy Capital Management LLC lifted its position in Five Star Bancorp by 14.8% during the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock worth $15,701,000 after acquiring an additional 56,412 shares during the period. Dimensional Fund Advisors LP grew its stake in Five Star Bancorp by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock valued at $12,143,000 after purchasing an additional 34,396 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in Five Star Bancorp by 24.9% during the 1st quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock valued at $5,857,000 after purchasing an additional 30,936 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Five Star Bancorp Stock Up 0.1%

Shares of Five Star Bancorp stock opened at $43.43 on Friday. The firm’s 50 day moving average price is $46.27 and its 200-day moving average price is $43.54. Five Star Bancorp has a 52-week low of $30.68 and a 52-week high of $50.26. The company has a market cap of $1.07 billion, a P/E ratio of 12.85 and a beta of 0.53.

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

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. Five Star Bancorp’s dividend payout ratio is 29.59%.

About Five Star Bancorp

Five Star Bancorp is a bank holding company headquartered in Sacramento, California. Its principal subsidiary, Five Star Bank, is a community bank that provides financial products and services to businesses, professionals, nonprofit organizations, real estate investors and individual customers.

Five Star Bank offers commercial and industrial lending, commercial real estate and construction loans, Small Business Administration lending, residential real estate financing and consumer loans.