Five Star Bancorp (NASDAQ:FSBC) Posts Earnings Results, Beats Expectations By $0.05 EPS

Five Star Bancorp (NASDAQ:FSBC) released its quarterly earnings results on Monday. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05, Yahoo Finance reports. The business had revenue of $49.37 million during the quarter. Five Star Bancorp had a return on equity of 17.52% and a net margin of 26.24%. During the same period in the prior year, the firm earned $0.77 earnings per share.

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $21.59 on Tuesday. The company has a market cap of $374.59 million, a PE ratio of 7.77 and a beta of 0.37. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59. Five Star Bancorp has a 1 year low of $17.74 and a 1 year high of $28.25. The company’s 50-day moving average is $22.67 and its two-hundred day moving average is $23.02.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 3.71%. Five Star Bancorp’s payout ratio is 28.78%.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, Director Robert Truxtun Perry-Smith purchased 80,460 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average cost of $21.75 per share, with a total value of $1,750,005.00. Following the completion of the purchase, the director now directly owns 227,638 shares in the company, valued at approximately $4,951,126.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 25.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FSBC has been the subject of several research reports. DA Davidson restated a “buy” rating and issued a $29.00 price objective on shares of Five Star Bancorp in a research report on Monday, April 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $27.00 price target on shares of Five Star Bancorp in a report on Monday, April 1st.

Five Star Bancorp Company Profile

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.