Five Star Bancorp (FSBC) to Issue Quarterly Dividend of $0.25 on February 9th

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Thursday, January 15th. Stockholders of record on Monday, February 2nd will be paid a dividend of 0.25 per share on Monday, February 9th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, February 2nd. This is a 25.0% increase from Five Star Bancorp’s previous quarterly dividend of $0.20.

Five Star Bancorp has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Five Star Bancorp to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 25.7%.

Five Star Bancorp Stock Up 0.3%

Shares of FSBC traded up $0.13 during mid-day trading on Friday, hitting $39.62. The company had a trading volume of 114,501 shares, compared to its average volume of 68,943. The business’s 50-day simple moving average is $36.74 and its 200-day simple moving average is $33.97. The stock has a market cap of $846.68 million, a PE ratio of 13.66 and a beta of 0.52. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $40.31.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Monday, January 26th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $40.67 million during the quarter, compared to the consensus estimate of $42.58 million. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.73%. On average, sell-side analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current year.

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.