Five Star Bancorp (NASDAQ:FSBC) Short Interest Update

Five Star Bancorp (NASDAQ:FSBC) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 310,000 shares, an increase of 28.5% from the June 30th total of 241,200 shares. Based on an average daily volume of 67,100 shares, the days-to-cover ratio is currently 4.6 days. Approximately 2.1% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of brokerages have commented on FSBC. Keefe, Bruyette & Woods lifted their price objective on shares of Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday. DA Davidson increased their price target on shares of Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a report on Friday. Finally, Stephens boosted their price objective on Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday.

Institutional Investors Weigh In On Five Star Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in Five Star Bancorp during the 4th quarter valued at $56,000. SG Americas Securities LLC purchased a new stake in shares of Five Star Bancorp during the fourth quarter valued at $144,000. Interval Partners LP bought a new position in shares of Five Star Bancorp in the first quarter worth about $450,000. Swiss National Bank increased its stake in Five Star Bancorp by 8.3% in the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after buying an additional 1,700 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Five Star Bancorp by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock worth $770,000 after buying an additional 797 shares during the period. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Five Star Bancorp Stock Up 2.2 %

NASDAQ FSBC opened at $29.89 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. Five Star Bancorp has a 52 week low of $18.50 and a 52 week high of $30.03. The firm has a market capitalization of $637.25 million, a price-to-earnings ratio of 11.37 and a beta of 0.41. The company has a fifty day moving average of $24.24 and a two-hundred day moving average of $23.51.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $49.37 million during the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 15.23%. During the same quarter last year, the business posted $0.77 EPS. On average, analysts predict that Five Star Bancorp will post 2.15 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, August 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

About Five Star Bancorp

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.