Research Analysts Offer Predictions for Five Star Bancorp’s Q2 2024 Earnings (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBC) – Equities researchers at DA Davidson issued their Q2 2024 earnings estimates for shares of Five Star Bancorp in a note issued to investors on Wednesday, May 1st. DA Davidson analyst G. Tenner anticipates that the company will post earnings per share of $0.50 for the quarter. DA Davidson has a “Buy” rating and a $29.00 price objective on the stock. The consensus estimate for Five Star Bancorp’s current full-year earnings is $2.23 per share. DA Davidson also issued estimates for Five Star Bancorp’s FY2024 earnings at $2.11 EPS and FY2025 earnings at $2.42 EPS.

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $27.00 target price on shares of Five Star Bancorp in a research note on Monday, April 1st.

Five Star Bancorp Price Performance

Five Star Bancorp stock opened at $21.79 on Thursday. The business has a 50 day simple moving average of $22.63 and a 200-day simple moving average of $23.04. Five Star Bancorp has a 12 month low of $17.74 and a 12 month high of $28.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $378.06 million, a PE ratio of 8.29 and a beta of 0.38.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Five Star Bancorp had a return on equity of 16.36% and a net margin of 23.84%. The firm had revenue of $49.37 million during the quarter. During the same period in the prior year, the company earned $0.77 earnings per share.

Five Star Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, May 3rd. Five Star Bancorp’s payout ratio is 30.42%.

Insider Buying and Selling at Five Star Bancorp

In related news, Director Robert Truxtun Perry-Smith purchased 80,460 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average price of $21.75 per share, for a total transaction of $1,750,005.00. Following the acquisition, the director now directly owns 227,638 shares of the company’s stock, valued at approximately $4,951,126.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 25.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five Star Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in Five Star Bancorp during the fourth quarter worth about $56,000. SG Americas Securities LLC acquired a new position in shares of Five Star Bancorp during the 4th quarter worth approximately $144,000. New York State Common Retirement Fund raised its position in shares of Five Star Bancorp by 103.1% during the 3rd quarter. New York State Common Retirement Fund now owns 6,702 shares of the company’s stock worth $134,000 after purchasing an additional 3,402 shares during the last quarter. EPIQ Capital Group LLC purchased a new stake in Five Star Bancorp in the 3rd quarter valued at approximately $297,000. Finally, Cox Capital Mgt LLC grew its holdings in Five Star Bancorp by 2.8% during the 1st quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock valued at $1,787,000 after buying an additional 2,150 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.