Five Star Bancorp (NASDAQ:FSBC) Given Average Rating of “Moderate Buy” by Brokerages

Five Star Bancorp (NASDAQ:FSBC) has earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $42.30.

Several research firms recently commented on FSBC. DA Davidson increased their target price on Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stephens increased their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Five Star Bancorp in a report on Monday, June 1st. Finally, Keefe, Bruyette & Woods increased their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st.

Five Star Bancorp Price Performance

NASDAQ:FSBC opened at $43.94 on Wednesday. The firm has a market capitalization of $939.44 million, a PE ratio of 13.95 and a beta of 0.54. The business’s fifty day moving average price is $40.90 and its 200 day moving average price is $38.76. Five Star Bancorp has a 12 month low of $26.20 and a 12 month high of $44.49.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. The firm had revenue of $43.47 million for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. As a group, equities analysts anticipate that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 31.75%.

Insiders Place Their Bets

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 6,428 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total transaction of $265,026.44. Following the transaction, the chief executive officer owned 466,586 shares of the company’s stock, valued at approximately $19,237,340.78. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael Eugene Lee sold 1,641 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $41.26, for a total value of $67,707.66. Following the transaction, the senior vice president directly owned 33,631 shares in the company, valued at approximately $1,387,615.06. The trade was a 4.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 12,692 shares of company stock valued at $524,640. 21.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Five Star Bancorp

Several hedge funds have recently made changes to their positions in FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Five Star Bancorp by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after purchasing an additional 390 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Five Star Bancorp during the first quarter worth about $889,000. Russell Investments Group Ltd. purchased a new position in shares of Five Star Bancorp during the second quarter worth about $34,000. First Trust Advisors LP grew its holdings in shares of Five Star Bancorp by 3.4% during the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock worth $394,000 after purchasing an additional 458 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Five Star Bancorp during the second quarter worth about $509,000. Hedge funds and other 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.