Five Star Bancorp (NASDAQ:FSBC) Stock Has Average Target Price of $47.25

Five Star Bancorp (NASDAQ:FSBC) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $47.25.

Several research firms have recently weighed in on FSBC. Stephens set a $51.00 price objective on shares of Five Star Bancorp in a research note on Monday, July 27th. DA Davidson raised their target price on shares of 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 downgraded shares of Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Finally, Zacks Research upgraded Five Star Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th.

Five Star Bancorp Stock Down 0.7%

Shares of Five Star Bancorp stock opened at $42.69 on Tuesday. The stock has a market cap of $1.05 billion, a P/E ratio of 12.63 and a beta of 0.55. Five Star Bancorp has a 12-month low of $32.08 and a 12-month high of $50.26. The business’s 50 day moving average is $44.74 and its 200-day moving average is $44.24.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share for the quarter, topping 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 business had revenue of $47.95 million for the quarter, compared to the consensus estimate of $47.72 million. On average, sell-side analysts expect that Five Star Bancorp will post 3.50 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 2nd. Five Star Bancorp’s payout ratio is 29.59%.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, Director Shannon Deary-Bell acquired 5,682 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the purchase, the director directly owned 85,244 shares of the company’s stock, valued at approximately $3,750,736. This represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna Lucas acquired 1,136 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average cost of $44.00 per share, with a total value of $49,984.00. Following the completion of the transaction, the director owned 14,254 shares of the company’s stock, valued at approximately $627,176. The trade was a 8.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 142,727 shares of company stock valued at $6,279,988. Company insiders own 21.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Davis Asset Management L.P. bought a new position in shares of Five Star Bancorp in the second quarter valued at about $73,595,000. BlackRock Inc. acquired a new stake in shares of Five Star Bancorp during the 2nd quarter worth about $64,816,000. Bank of New York Mellon Corp acquired a new stake in shares of Five Star Bancorp during the 2nd quarter worth about $4,642,000. Inspire Investing LLC lifted its stake in shares of Five Star Bancorp by 348.0% during the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock worth $2,211,000 after buying an additional 45,541 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Five Star Bancorp during the 2nd quarter worth about $1,994,000. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in Rancho Cordova, California. Through its banking subsidiary, the company provides deposit, lending and treasury management services to businesses, professionals, nonprofit organizations and individuals.

Five Star Bank’s lending activities include commercial real estate, construction and commercial business loans, as well as financing for small businesses and other relationship-based banking needs.