Analysts Set Five Star Bancorp (NASDAQ:FSBC) Target Price at $42.30

Shares of Five Star Bancorp (NASDAQ:FSBC) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $42.30.

FSBC has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Five Star Bancorp in a report on Monday, June 1st. Stephens boosted their price objective 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 upped their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Finally, DA Davidson boosted their price target 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.

Insider Buying and Selling at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,641 shares of Five Star Bancorp stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $41.26, for a total transaction of $67,707.66. Following the transaction, the senior vice president owned 33,631 shares in the company, valued at approximately $1,387,615.06. The trade was a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James Eugene Beckwith sold 6,428 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $41.23, for a total value of $265,026.44. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,692 shares of company stock valued at $524,640 in the last three months. 21.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

Five Star Bancorp Price Performance

Shares of FSBC opened at $48.31 on Friday. The firm’s 50 day moving average is $43.94 and its 200-day moving average is $40.48. Five Star Bancorp has a 12-month low of $28.34 and a 12-month high of $50.01. The stock has a market capitalization of $1.03 billion, a P/E ratio of 15.34 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.83 earnings per share (EPS) for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. The firm had revenue of $43.47 million for the quarter. As a group, equities research analysts forecast that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

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

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.