Five Star Bancorp (NASDAQ:FSBC) Issues Earnings Results, Beats Estimates By $0.07 EPS

Five Star Bancorp (NASDAQ:FSBC) posted its quarterly earnings results on Monday. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07, Zacks reports. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%.

Five Star Bancorp Price Performance

Five Star Bancorp stock traded up $0.41 during trading hours on Monday, hitting $44.50. The company had a trading volume of 119,778 shares, compared to its average volume of 129,839. Five Star Bancorp has a one year low of $32.20 and a one year high of $50.26. The firm has a 50-day moving average of $44.47 and a 200 day moving average of $44.39. The firm has a market cap of $1.09 billion, a PE ratio of 13.17 and a beta of 0.55.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Five Star Bancorp’s dividend payout ratio is currently 29.59%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FSBC. Zacks Research raised shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. DA Davidson lifted their price target on Five Star Bancorp from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Stephens set a $51.00 price target on Five Star Bancorp in a report on Monday, July 27th. Finally, Weiss Ratings cut Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Five Star Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

About Five Star Bancorp

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.