Keefe, Bruyette & Woods Issues Positive Forecast for Five Star Bancorp (NASDAQ:FSBC) Stock Price

Five Star Bancorp (NASDAQ:FSBC) had its price objective increased by Keefe, Bruyette & Woods from $40.00 to $41.00 in a report released on Thursday morning,Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and set a $40.00 target price (up from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Janney Montgomery Scott assumed coverage on Five Star Bancorp in a research note on Friday, October 10th. They issued a “buy” rating and a $37.00 price objective on the stock. Stephens lowered Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price for the company. in a report on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Finally, DA Davidson increased their price target on Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Five Star Bancorp presently has an average rating of “Moderate Buy” and an average price target of $40.00.

Five Star Bancorp Trading Up 2.8%

FSBC opened at $39.49 on Thursday. The stock’s 50-day moving average price is $36.63 and its 200 day moving average price is $33.90. Five Star Bancorp has a 12-month low of $22.22 and a 12-month high of $40.31. The firm has a market cap of $843.90 million, a price-to-earnings ratio of 13.62 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The company had revenue of $40.67 million for the quarter, compared to analyst estimates of $42.58 million. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.73%. On average, research analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.25 per share. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 29.63%.

Institutional Investors Weigh In On Five Star Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in Five Star Bancorp in the third quarter valued at approximately $27,000. CWM LLC lifted its position in shares of Five Star Bancorp by 375.9% during the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after buying an additional 827 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at $34,000. Quarry LP purchased a new position in shares of Five Star Bancorp in the 3rd quarter valued at $40,000. Finally, Raymond James Financial Inc. acquired a new stake in Five Star Bancorp during the 2nd quarter worth $64,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

About Five Star Bancorp

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.