Five Star Bancorp (NASDAQ:FSBC) Sets New 12-Month High – Time to Buy?

Five Star Bancorp (NASDAQ:FSBC) shares reached a new 52-week high during trading on Friday . The company traded as high as $43.35 and last traded at $43.1650, with a volume of 11891 shares trading hands. The stock had previously closed at $43.14.

Analyst Ratings Changes

A number of research analysts have recently commented on FSBC shares. DA Davidson upped their target price on Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Stephens upped their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Finally, Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Five Star Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

Five Star Bancorp Stock Down 0.3%

The stock has a market cap of $919.77 million, a P/E ratio of 13.66 and a beta of 0.54. The business has a 50 day moving average price of $40.64 and a 200 day moving average price of $38.58.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Friday, February 27th. The company reported $0.83 earnings per share (EPS) for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%.The company had revenue of $43.47 million for the quarter. On average, research analysts expect that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.00 annualized dividend and a yield of 2.3%. Five Star Bancorp’s dividend payout ratio is 31.75%.

Insider Buying and Selling

In related news, CEO James Eugene Beckwith sold 6,428 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total value of $265,026.44. Following the transaction, the chief executive officer owned 466,586 shares of the company’s stock, valued at $19,237,340.78. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Eugene Lee sold 1,641 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $41.26, for a total value of $67,707.66. Following the completion of the transaction, the senior vice president directly owned 33,631 shares in the company, valued at approximately $1,387,615.06. This trade represents a 4.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,692 shares of company stock valued at $671,280 over the last quarter. 21.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Deprince Race & Zollo Inc. grew its stake in Five Star Bancorp by 81.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock worth $4,449,000 after purchasing an additional 55,698 shares in the last quarter. Inspire Investing LLC boosted its position in Five Star Bancorp by 348.0% during the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock valued at $2,211,000 after acquiring an additional 45,541 shares in the last quarter. 1492 Capital Management LLC boosted its position in Five Star Bancorp by 33.7% during the 1st quarter. 1492 Capital Management LLC now owns 8,373 shares of the company’s stock valued at $316,000 after acquiring an additional 2,110 shares in the last quarter. Kennedy Capital Management LLC boosted its position in Five Star Bancorp by 14.8% during the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after acquiring an additional 56,412 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Five Star Bancorp by 154.6% during the 4th quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock valued at $77,000 after acquiring an additional 1,322 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

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.