Five Star Bancorp (NASDAQ:FSBC) Hits New 1-Year High – Still a Buy?

Five Star Bancorp (NASDAQ:FSBC) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $39.04 and last traded at $39.0850, with a volume of 21888 shares changing hands. The stock had previously closed at $37.36.

Analyst Ratings Changes

FSBC has been the topic of several research analyst reports. Janney Montgomery Scott began coverage on shares of Five Star Bancorp in a research note on Friday, October 10th. They issued a “buy” rating and a $37.00 price target on the stock. Stephens cut Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a report on Monday, November 10th. Raymond James Financial reaffirmed an “outperform” rating and set a $40.00 price objective (up from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Keefe, Bruyette & Woods boosted their price target on shares of Five Star Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Finally, DA Davidson set a $43.00 price objective on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.40.

Five Star Bancorp Trading Up 5.8%

The stock has a 50 day moving average of $35.91 and a 200-day moving average of $33.52. The stock has a market capitalization of $844.19 million, a P/E ratio of 14.63 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, October 27th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The company had revenue of $41.31 million during the quarter, compared to analyst estimates of $40.34 million. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%. During the same quarter last year, the business posted $0.52 EPS. Research analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, February 2nd. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. Five Star Bancorp’s dividend payout ratio (DPR) is currently 37.04%.

Hedge Funds Weigh In On Five Star Bancorp

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Five Star Bancorp during the 3rd quarter valued at $27,000. CWM LLC grew its position in shares of Five Star Bancorp by 375.9% in the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after buying an additional 827 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Five Star Bancorp in the second quarter valued at approximately $34,000. Quarry LP purchased a new position in Five Star Bancorp in the third quarter worth $40,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Five Star Bancorp during the 2nd quarter valued at $64,000. Institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.