Five Star Bancorp (FSBC) To Go Ex-Dividend on May 4th

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Thursday, April 16th. Stockholders of record on Monday, May 4th will be paid a dividend of 0.25 per share on Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, May 4th.

Five Star Bancorp has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $3.92 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.5%.

Five Star Bancorp Trading Up 1.6%

NASDAQ:FSBC traded up $0.64 during mid-day trading on Friday, hitting $41.09. The stock had a trading volume of 74,099 shares, compared to its average volume of 97,339. The stock has a 50-day simple moving average of $38.89 and a two-hundred day simple moving average of $37.35. The company has a market capitalization of $878.34 million, a PE ratio of 13.04 and a beta of 0.53. Five Star Bancorp has a twelve month low of $26.20 and a twelve month high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The firm had revenue of $43.47 million for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.56%. Sell-side analysts predict that Five Star Bancorp will post 3.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FSBC. Stephens raised their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday. DA Davidson increased their price target on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.30.

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.