Five Star Bancorp (NASDAQ:FSBC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Five Star Bancorp (NASDAQ:FSBC) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $45.20.

FSBC has been the topic of several analyst reports. DA Davidson raised their target price on Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Stephens set a $51.00 price objective on shares of Five Star Bancorp in a research report on Monday, July 27th. Finally, Zacks Research upgraded shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th.

Five Star Bancorp Price Performance

NASDAQ:FSBC opened at $44.71 on Friday. The business’s 50-day moving average is $46.70 and its two-hundred day moving average is $43.36. Five Star Bancorp has a 12 month low of $30.68 and a 12 month high of $50.26. The firm has a market capitalization of $1.10 billion, a PE ratio of 13.23 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a return on equity of 15.92% and a net margin of 25.92%.The company had revenue of $47.95 million during the quarter, compared to the consensus estimate of $47.72 million. Equities analysts anticipate that Five Star Bancorp will post 3.52 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is presently 29.59%.

Insider Buying and Selling at Five Star Bancorp

In other news, Director Judson Riggs purchased 2,273 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average price of $44.00 per share, with a total value of $100,012.00. Following the purchase, the director directly owned 87,531 shares of the company’s stock, valued at approximately $3,851,364. This represents a 2.67% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kevin Ramos acquired 5,682 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the acquisition, the director directly owned 177,546 shares in the company, valued at $7,812,024. This represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 142,727 shares of company stock worth $6,279,988. 21.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Davis Asset Management L.P. acquired a new position in Five Star Bancorp in the second quarter worth about $73,595,000. BlackRock Inc. acquired a new stake in Five Star Bancorp during the second quarter valued at approximately $64,816,000. Bank of New York Mellon Corp bought a new position in Five Star Bancorp during the 2nd quarter worth approximately $4,642,000. Kennedy Capital Management LLC lifted its holdings in Five Star Bancorp by 14.8% during the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock worth $15,701,000 after buying an additional 56,412 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Five Star Bancorp by 348.0% in the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock worth $2,211,000 after acquiring an additional 45,541 shares in 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 is a bank holding company headquartered in Sacramento, California. Its principal subsidiary, Five Star Bank, is a community bank that provides financial products and services to businesses, professionals, nonprofit organizations, real estate investors and individual customers.

Five Star Bank offers commercial and industrial lending, commercial real estate and construction loans, Small Business Administration lending, residential real estate financing and consumer loans.