Five Star Bancorp (NASDAQ:FSBC) Plans Quarterly Dividend of $0.20

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Monday, November 4th will be given a dividend of 0.20 per share on Tuesday, November 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Monday, November 4th.

Five Star Bancorp has a payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 32.8%.

Five Star Bancorp Trading Up 0.4 %

NASDAQ:FSBC opened at $30.19 on Friday. Five Star Bancorp has a 12-month low of $19.25 and a 12-month high of $31.88. The firm has a market cap of $643.65 million, a price-to-earnings ratio of 13.24 and a beta of 0.41. The company’s 50-day moving average is $29.55 and its two-hundred day moving average is $26.25.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, October 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). The firm had revenue of $54.05 million for the quarter. Five Star Bancorp had a return on equity of 13.50% and a net margin of 21.35%. During the same quarter in the prior year, the business posted $0.64 EPS. On average, equities research analysts forecast that Five Star Bancorp will post 2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, SVP Michael Eugene Lee sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the sale, the senior vice president now directly owns 36,765 shares in the company, valued at approximately $1,127,582.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 25.57% of the stock is owned by corporate insiders.

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.