Five Star Bancorp (NASDAQ:FSBC) Receives “Buy” Rating from DA Davidson

Five Star Bancorp (NASDAQ:FSBC)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a report issued on Thursday,Benzinga reports. They presently have a $38.50 price objective on the stock. DA Davidson’s price objective would indicate a potential upside of 25.61% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods lowered their price objective on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday. Raymond James reissued an “outperform” rating and issued a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a research report on Wednesday. Finally, Stephens reaffirmed an “overweight” rating and set a $37.00 price objective on shares of Five Star Bancorp in a research report on Tuesday.

Five Star Bancorp Trading Down 0.8 %

Five Star Bancorp stock traded down $0.24 on Thursday, hitting $30.65. 6,730 shares of the stock traded hands, compared to its average volume of 43,310. The business’s fifty day simple moving average is $31.25 and its 200 day simple moving average is $30.08. The firm has a market cap of $653.46 million, a P/E ratio of 13.44 and a beta of 0.48. Five Star Bancorp has a 1 year low of $21.10 and a 1 year high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping 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%. As a group, analysts predict that Five Star Bancorp will post 2.19 earnings per share for the current year.

Institutional Trading of Five Star Bancorp

Several large investors have recently added to or reduced their stakes in FSBC. Dimensional Fund Advisors LP boosted its stake in shares of Five Star Bancorp by 32.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after acquiring an additional 39,256 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Five Star Bancorp by 128.7% during the 2nd quarter. Renaissance Technologies LLC now owns 41,400 shares of the company’s stock worth $979,000 after acquiring an additional 23,300 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Five Star Bancorp during the 3rd quarter worth about $182,000. Inspire Investing LLC acquired a new stake in shares of Five Star Bancorp during the 3rd quarter worth about $414,000. Finally, Brighton Jones LLC lifted its stake in Five Star Bancorp by 0.3% during the third quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock worth $4,202,000 after purchasing an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

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.