Five Star Bancorp (NASDAQ:FSBC) Releases Earnings Results, Beats Estimates By $0.06 EPS

Five Star Bancorp (NASDAQ:FSBC) posted its quarterly earnings data on Monday. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06, Zacks reports. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%. The firm had revenue of $40.67 million during the quarter, compared to analyst estimates of $42.58 million.

Five Star Bancorp Price Performance

NASDAQ:FSBC opened at $38.80 on Tuesday. The company’s fifty day moving average price is $36.28 and its 200-day moving average price is $33.77. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $40.31. The firm has a market capitalization of $829.16 million, a P/E ratio of 14.37 and a beta of 0.52.

Five Star Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Monday, February 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, February 2nd. This is an increase from Five Star Bancorp’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 29.63%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Five Star Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSBC. Adage Capital Partners GP L.L.C. increased its holdings in Five Star Bancorp by 26.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 293,249 shares of the company’s stock valued at $8,369,000 after buying an additional 60,584 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Five Star Bancorp by 4,770.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company’s stock valued at $1,892,000 after acquiring an additional 57,536 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Five Star Bancorp by 69.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 84,110 shares of the company’s stock valued at $2,708,000 after purchasing an additional 34,570 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Five Star Bancorp by 69.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 81,335 shares of the company’s stock worth $2,321,000 after purchasing an additional 33,350 shares during the period. Finally, Jane Street Group LLC acquired a new position in Five Star Bancorp in the 1st quarter worth about $889,000. 46.94% of the stock is owned by institutional investors and hedge funds.

About Five Star Bancorp

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.