Five Star Bancorp (NASDAQ:FSBC) Sets New 12-Month High – What’s Next?

Five Star Bancorp (NASDAQ:FSBC) shares reached a new 52-week high on Monday . The company traded as high as $48.94 and last traded at $48.4160, with a volume of 533540 shares traded. The stock had previously closed at $48.44.

Wall Street Analyst Weigh In

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

Five Star Bancorp Trading Up 1.1%

The stock has a market capitalization of $1.04 billion, a P/E ratio of 15.46 and a beta of 0.54. The business has a 50-day moving average price of $42.82 and a two-hundred day moving average price of $39.94.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.83 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, sell-side analysts forecast that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, May 4th. Five Star Bancorp’s dividend payout ratio (DPR) is currently 31.75%.

Insider Activity

In related news, SVP Brett Levi Wait sold 2,583 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $41.11, for a total transaction of $106,187.13. Following the sale, the senior vice president owned 17,608 shares in the company, valued at approximately $723,864.88. This trade represents a 12.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $67,707.66. Following the sale, the senior vice president owned 33,631 shares in the company, valued at $1,387,615.06. This represents a 4.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 12,692 shares of company stock worth $524,640. 21.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSBC. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Five Star Bancorp by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock valued at $72,182,000 after purchasing an additional 18,668 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Five Star Bancorp by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock worth $29,017,000 after buying an additional 15,183 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Five Star Bancorp by 75.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock worth $20,388,000 after buying an additional 245,727 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of Five Star Bancorp by 14.8% during the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock worth $15,701,000 after buying an additional 56,412 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Five Star Bancorp by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock valued at $14,285,000 after buying an additional 5,038 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors.

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.