Five Star Bancorp (NASDAQ:FSBC) Reaches New 1-Year High – Time to Buy?

Five Star Bancorp (NASDAQ:FSBC) hit a new 52-week high during trading on Monday . The company traded as high as $46.20 and last traded at $45.67, with a volume of 14192 shares traded. The stock had previously closed at $44.87.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FSBC. DA Davidson boosted their target price on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Stephens lifted their price objective 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, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

Five Star Bancorp Stock Performance

The company has a 50 day simple moving average of $42.08 and a 200 day simple moving average of $39.49. The company has a market capitalization of $1.00 billion, a PE ratio of 14.86 and a beta of 0.54.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The business 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 research 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 $0.25 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 31.75%.

Insiders Place Their Bets

In other Five Star Bancorp news, SVP Brett Levi Wait sold 1,640 shares of Five Star Bancorp stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $42.27, for a total transaction of $69,322.80. Following the sale, the senior vice president owned 16,873 shares of the company’s stock, valued at $713,221.71. The trade was a 8.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James Eugene Beckwith sold 6,428 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $41.23, for a total transaction of $265,026.44. Following the completion of the sale, the chief executive officer owned 466,586 shares of the company’s stock, valued at $19,237,340.78. This trade represents a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,692 shares of company stock valued at $524,640 in the last 90 days. 21.79% of the stock is owned by insiders.

Institutional Trading of Five Star Bancorp

Several large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in Five Star Bancorp in the 2nd quarter worth approximately $34,000. Quarry LP purchased a new stake in shares of Five Star Bancorp in the third quarter valued at approximately $40,000. Raymond James Financial Inc. purchased a new stake in shares of Five Star Bancorp in the second quarter valued at approximately $64,000. State of Alaska Department of Revenue increased its holdings in shares of Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock valued at $77,000 after purchasing an additional 1,322 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Five Star Bancorp by 65.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock valued at $98,000 after purchasing an additional 1,359 shares during the last quarter. 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.