Five Star Bancorp (NASDAQ:FSBC) Stock Gets Price Target Cut from Stephens

Five Star Bancorp (NASDAQ:FSBC) had its price target lowered by Stephens from $50.00 to $49.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also issued reports on FSBC. DA Davidson restated a “buy” rating and set a $55.00 price target on shares of Five Star Bancorp in a report on Tuesday, October 27th. Zacks Research raised shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Finally, Weiss Ratings lowered shares of Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.00.

Five Star Bancorp Price Performance

Shares of FSBC opened at $45.29 on Monday. Five Star Bancorp has a 1 year low of $32.20 and a 1 year high of $50.26. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.83 and a beta of 0.49. The business has a 50-day moving average of $44.39 and a 200-day moving average of $42.88.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, October 26th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. Five Star Bancorp had a return on equity of 16.89% and a net margin of 26.58%. The business had revenue of $52.62 million for the quarter, compared to analysts’ expectations of $51.31 million. As a group, sell-side analysts anticipate that Five Star Bancorp will post 3.55 EPS for the current year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. Five Star Bancorp’s payout ratio is currently 28.33%.

Insider Activity

In related news, EVP Lydia Ramirez-Medina sold 4,307 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $44.92, for a total transaction of $193,470.44. Following the transaction, the executive vice president owned 9,368 shares in the company, valued at $420,810.56. The trade was a 31.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Star Bancorp

A number of large investors have recently bought and sold shares of FSBC. Davis Asset Management L.P. bought a new stake in Five Star Bancorp in the 2nd quarter valued at about $73,595,000. BlackRock Inc. acquired a new position in Five Star Bancorp during the 2nd quarter worth approximately $64,816,000. Bank of New York Mellon Corp bought a new position in Five Star Bancorp in the second quarter worth approximately $4,642,000. Squarepoint Ops LLC bought a new position in Five Star Bancorp in the second quarter worth approximately $1,994,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Five Star Bancorp by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after acquiring an additional 34,396 shares in the last quarter. 46.94% of the stock is currently 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 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.