Five Star Bancorp (NASDAQ:FSBC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Five Star Bancorp (NASDAQ:FSBC) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $39.40.

FSBC has been the subject of several recent research reports. Janney Montgomery Scott began coverage on Five Star Bancorp in a research report on Friday, October 10th. They issued a “buy” rating and a $37.00 price objective for the company. Stephens cut shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a research report on Monday, November 10th. Raymond James Financial reissued an “outperform” rating and issued a $40.00 price target (up previously from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in shares of Five Star Bancorp by 9.9% during the 2nd quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock valued at $9,492,000 after purchasing an additional 29,943 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Five Star Bancorp by 278.1% in the third quarter. Deprince Race & Zollo Inc. now owns 68,640 shares of the company’s stock worth $2,210,000 after buying an additional 50,486 shares during the period. Creative Planning bought a new stake in Five Star Bancorp during the 2nd quarter valued at approximately $499,000. AlphaQuest LLC grew its holdings in shares of Five Star Bancorp by 127.5% during the 2nd quarter. AlphaQuest LLC now owns 17,383 shares of the company’s stock worth $496,000 after acquiring an additional 9,743 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Five Star Bancorp by 67.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 26,935 shares of the company’s stock worth $769,000 after acquiring an additional 10,808 shares during the period. 46.94% of the stock is owned by hedge funds and other institutional investors.

Five Star Bancorp Stock Performance

FSBC stock opened at $36.98 on Friday. The firm has a market cap of $790.26 million, a P/E ratio of 13.70 and a beta of 0.52. The firm’s fifty day moving average is $35.55 and its 200 day moving average is $33.09. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $38.86.

Five Star Bancorp (NASDAQ:FSBC) last posted 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 business had revenue of $41.31 million during the quarter, compared to analyst estimates 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 business posted $0.52 earnings per share. As a group, analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

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