Five Star Bancorp (NASDAQ:FSBC) Releases Earnings Results

Five Star Bancorp (NASDAQ:FSBC) posted its quarterly earnings results on Monday. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02), Zacks reports. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. The company had revenue of $54.05 million for the quarter. During the same quarter in the prior year, the company posted $0.64 EPS.

Five Star Bancorp Stock Performance

FSBC opened at $30.10 on Wednesday. The firm has a market cap of $641.73 million, a P/E ratio of 11.44 and a beta of 0.42. The business has a 50 day moving average price of $29.44 and a 200 day moving average price of $26.09. Five Star Bancorp has a twelve month low of $18.84 and a twelve month high of $31.79.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, November 4th. Five Star Bancorp’s dividend payout ratio is 30.42%.

Analyst Ratings Changes

A number of brokerages have commented on FSBC. Stephens boosted their target price on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on shares of Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Finally, DA Davidson lifted their target price on shares of Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

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.