Keefe, Bruyette & Woods Issues Positive Forecast for Five Star Bancorp (NASDAQ:FSBC) Stock Price

Five Star Bancorp (NASDAQ:FSBC) had its price target raised by Keefe, Bruyette & Woods from $41.00 to $43.00 in a report published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other equities analysts have also weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. DA Davidson lifted their target price on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a report on Wednesday. Finally, Stephens lifted their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.30.

Five Star Bancorp Trading Up 1.6%

Shares of FSBC traded up $0.64 during mid-day trading on Friday, reaching $41.09. The company had a trading volume of 74,099 shares, compared to its average volume of 97,339. The stock has a market cap of $878.34 million, a price-to-earnings ratio of 13.04 and a beta of 0.53. The firm has a fifty day simple moving average of $38.89 and a 200-day simple moving average of $37.35. Five Star Bancorp has a fifty-two week low of $26.20 and a fifty-two week high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $43.47 million for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.56%. As a group, equities analysts predict that Five Star Bancorp will post 3.5 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, May 4th will be issued a $0.25 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Five Star Bancorp’s payout ratio is currently 31.75%.

Insiders Place Their Bets

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 4,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the transaction, the chief executive officer owned 473,014 shares in the company, valued at $17,340,693.24. The trade was a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael Eugene Lee sold 1,200 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $39.30, for a total transaction of $47,160.00. Following the completion of the transaction, the senior vice president owned 35,272 shares in the company, valued at $1,386,189.60. This represents a 3.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.79% of the company’s stock.

Institutional Investors Weigh In On Five Star Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new stake in shares of Five Star Bancorp in the 3rd quarter worth about $27,000. Russell Investments Group Ltd. bought a new stake in shares of Five Star Bancorp in the 2nd quarter worth about $34,000. Quarry LP bought a new stake in shares of Five Star Bancorp in the 3rd quarter worth about $40,000. Raymond James Financial Inc. bought a new stake in shares of Five Star Bancorp in the 2nd quarter worth about $64,000. Finally, CWM LLC increased its position in shares of Five Star Bancorp by 103.3% in the 3rd quarter. CWM LLC now owns 2,129 shares of the company’s stock worth $69,000 after purchasing an additional 1,082 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

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.