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

Five Star Bancorp (NASDAQ:FSBC) had its target price raised by Keefe, Bruyette & Woods from $40.00 to $41.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 6.01% from the company’s previous close.

A number of other brokerages have also recently commented on FSBC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Raymond James Financial reissued an “outperform” rating and set a $40.00 target price (up previously from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Janney Montgomery Scott started coverage on Five Star Bancorp in a research note on Friday, October 10th. They set a “buy” rating and a $37.00 price objective for the company. Stephens downgraded Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a report on Monday, November 10th. Finally, DA Davidson lifted their target price on shares of Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Five Star Bancorp Stock Up 0.6%

FSBC traded up $0.25 during trading on Thursday, reaching $38.68. The company had a trading volume of 31,497 shares, compared to its average volume of 70,040. The business has a 50 day simple moving average of $36.49 and a 200-day simple moving average of $33.86. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $40.31. The stock has a market cap of $826.48 million, a P/E ratio of 13.34 and a beta of 0.52.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in Five Star Bancorp during the 3rd quarter worth $27,000. CWM LLC increased its position in shares of Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after purchasing an additional 827 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Five Star Bancorp during the second quarter worth approximately $34,000. Quarry LP purchased a new stake in Five Star Bancorp in the third quarter valued at approximately $40,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Five Star Bancorp during the second quarter worth approximately $64,000. Institutional investors and hedge funds 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.