Five Star Bancorp (NASDAQ:FSBC) Hits New 52-Week High – Still a Buy?

Five Star Bancorp (NASDAQ:FSBC)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $34.07 and last traded at $34.07, with a volume of 5484 shares trading hands. The stock had previously closed at $30.21.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FSBC. Stephens increased 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, July 26th. DA Davidson upped their price target on shares of Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, July 26th.

Five Star Bancorp Trading Down 0.2 %

The stock has a market cap of $694.18 million, a PE ratio of 14.31 and a beta of 0.41. The business’s 50-day moving average price is $29.72 and its 200-day moving average price is $26.49.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). Five Star Bancorp had a net margin of 21.35% and a return on equity of 13.50%. The business had revenue of $54.05 million for the quarter. During the same period in the previous year, the company posted $0.64 EPS. As a group, analysts predict that Five Star Bancorp will post 2.16 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.46%. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Insider Activity

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of Five Star Bancorp stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now directly owns 36,765 shares in the company, valued at approximately $1,127,582.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in Five Star Bancorp in the 2nd quarter worth about $124,000. SG Americas Securities LLC acquired a new stake in shares of Five Star Bancorp in the third quarter valued at about $182,000. Inspire Investing LLC purchased a new stake in shares of Five Star Bancorp in the third quarter valued at approximately $414,000. Interval Partners LP purchased a new position in shares of Five Star Bancorp during the 1st quarter worth $450,000. Finally, Swiss National Bank grew its holdings in shares of Five Star Bancorp by 8.3% in the first quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after purchasing an additional 1,700 shares during the period. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Five Star Bancorp Company Profile

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.