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

Shares of Five Star Bancorp (NASDAQ:FSBC) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $42.30.

Several research analysts have recently weighed in on the stock. Stephens boosted their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. DA Davidson raised their price target on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st.

Five Star Bancorp Stock Down 0.9%

FSBC traded down $0.44 during trading on Friday, reaching $47.87. The company’s stock had a trading volume of 123,646 shares, compared to its average volume of 151,596. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 15.20 and a beta of 0.53. The firm has a fifty day simple moving average of $44.09 and a two-hundred day simple moving average of $40.54. Five Star Bancorp has a 1 year low of $28.34 and a 1 year high of $50.01.

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

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, May 4th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 31.75%.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,641 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $41.26, for a total transaction of $67,707.66. Following the completion of the transaction, the senior vice president owned 33,631 shares of the company’s stock, valued at $1,387,615.06. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Eugene Beckwith sold 6,428 shares of Five Star Bancorp 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 sale, the chief executive officer owned 466,586 shares of the company’s stock, valued at approximately $19,237,340.78. This 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 12,692 shares of company stock valued at $524,640 over the last 90 days. 21.79% of the stock is owned by insiders.

Institutional Trading of Five Star Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of Five Star Bancorp in the second quarter valued at $34,000. Quarry LP acquired a new position in Five Star Bancorp during the 3rd quarter worth about $40,000. Raymond James Financial Inc. acquired a new position in Five Star Bancorp during the 2nd quarter worth about $64,000. State of Alaska Department of Revenue boosted its holdings in Five Star Bancorp by 154.6% during the 4th quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock valued at $77,000 after acquiring an additional 1,322 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in Five Star Bancorp by 65.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock valued at $98,000 after acquiring an additional 1,359 shares in the last quarter. Hedge funds and other 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.