Five Star Bancorp (NASDAQ:FSBC) Hits New 52-Week High – Should You Buy?

Five Star Bancorp (NASDAQ:FSBC)’s share price hit a new 52-week high on Monday . The stock 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 Analysts Forecast Growth

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

Five Star Bancorp Trading Up 0.3%

The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 15.16 and a beta of 0.54. The company’s fifty day moving average is $42.51 and its two-hundred day moving average is $39.76.

Five Star Bancorp (NASDAQ:FSBC) last released 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. Analysts predict that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Announces Dividend

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

Insider Activity

In related news, CEO James Eugene Beckwith sold 6,428 shares of Five Star Bancorp 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 sale, the chief executive officer directly owned 466,586 shares in the company, valued at $19,237,340.78. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Brett Levi Wait sold 1,640 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $42.27, for a total value of $69,322.80. Following the sale, the senior vice president owned 16,873 shares in the company, valued at approximately $713,221.71. The trade was a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,692 shares of company stock valued at $524,640. Insiders own 21.79% of the company’s stock.

Institutional Trading of Five Star Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in shares of Five Star Bancorp during the 2nd quarter valued at $34,000. Quarry LP purchased a new position in Five Star Bancorp in the third quarter valued at approximately $40,000. Raymond James Financial Inc. purchased a new position in Five Star Bancorp in the second quarter valued at about $64,000. State of Alaska Department of Revenue lifted its stake in shares of Five Star Bancorp by 154.6% during the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after purchasing an additional 1,322 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Five Star Bancorp by 65.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after buying an additional 1,359 shares during the period. 46.94% of the stock is owned by institutional investors and hedge funds.

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.