Five Star Bancorp (NASDAQ:FSBC) Given Overweight Rating at Stephens

Stephens reissued their overweight rating on shares of Five Star Bancorp (NASDAQ:FSBC) in a research note published on Tuesday,Benzinga reports. They currently have a $37.00 price target on the stock.

Several other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Raymond James initiated coverage on shares of Five Star Bancorp in a research note on Thursday, December 19th. They set an “outperform” rating and a $38.00 target price for the company.

Five Star Bancorp Stock Up 0.7 %

NASDAQ:FSBC opened at $30.72 on Tuesday. Five Star Bancorp has a 52 week low of $21.10 and a 52 week high of $35.13. The stock’s 50-day moving average price is $31.27 and its 200-day moving average price is $30.07. The stock has a market capitalization of $654.95 million, a PE ratio of 13.47 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. Sell-side analysts expect that Five Star Bancorp will post 2.19 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Monday, February 3rd. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Insider Activity at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 25.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Five Star Bancorp during the third quarter worth about $109,000. SG Americas Securities LLC acquired a new stake in shares of Five Star Bancorp during the 3rd quarter worth approximately $182,000. PDT Partners LLC purchased a new stake in shares of Five Star Bancorp during the 3rd quarter valued at approximately $244,000. Inspire Investing LLC purchased a new position in Five Star Bancorp in the third quarter worth approximately $414,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Five Star Bancorp by 25.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock worth $667,000 after acquiring an additional 4,564 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

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.