Brokerages Set Five Star Bancorp (NASDAQ:FSBC) Price Target at $39.40

Shares of Five Star Bancorp (NASDAQ:FSBC) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $39.40.

Several brokerages recently issued reports on FSBC. Keefe, Bruyette & Woods raised their target price on Five Star Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Raymond James Financial restated an “outperform” rating and set a $40.00 price objective (up from $34.00) on shares of Five Star Bancorp in a research report on Wednesday, October 29th. Janney Montgomery Scott assumed coverage on Five Star Bancorp in a report on Friday, October 10th. They issued a “buy” rating and a $37.00 target price on the stock. DA Davidson set a $43.00 target price on Five Star Bancorp in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Wednesday, October 8th.

Institutional Trading of Five Star Bancorp

A number of large investors have recently bought and sold shares of FSBC. State of Alaska Department of Revenue bought a new stake in shares of Five Star Bancorp during the 3rd quarter worth $27,000. CWM LLC grew its position in Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company’s stock valued at $30,000 after buying an additional 827 shares during the period. Russell Investments Group Ltd. purchased a new stake in Five Star Bancorp during the second quarter worth about $34,000. Quarry LP bought a new stake in Five Star Bancorp in the third quarter worth about $40,000. Finally, Raymond James Financial Inc. purchased a new position in Five Star Bancorp in the second quarter valued at about $64,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $36.99 on Wednesday. The company has a 50 day simple moving average of $34.92 and a 200 day simple moving average of $32.18. Five Star Bancorp has a 1 year low of $22.22 and a 1 year high of $38.86. The firm has a market cap of $790.48 million, a PE ratio of 13.70 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The firm had revenue of $41.31 million during the quarter, compared to analysts’ expectations of $40.34 million. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%. During the same period in the prior year, the company posted $0.52 EPS. As a group, research analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, November 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is currently 29.63%.

Five Star Bancorp Company Profile

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.