Five Star Bancorp (NASDAQ:FSBC) Sets New 52-Week High – Time to Buy?

Five Star Bancorp (NASDAQ:FSBC) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $50.26 and last traded at $49.70, with a volume of 42832 shares trading hands. The stock had previously closed at $48.37.

Analysts Set New Price Targets

A number of research firms recently weighed in on FSBC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Stephens raised their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. DA Davidson boosted their price objective on Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.30.

Five Star Bancorp Stock Up 3.0%

The stock has a 50-day moving average of $44.52 and a 200 day moving average of $40.80. The company has a market capitalization of $1.06 billion, a PE ratio of 15.86 and a beta of 0.53.

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

Insider Buying and Selling

In other news, SVP Michael Eugene Lee sold 1,641 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $41.26, for a total transaction of $67,707.66. Following the completion of the transaction, the senior vice president directly owned 33,631 shares of the company’s stock, valued at $1,387,615.06. This represents a 4.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brett Levi Wait sold 1,640 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $42.27, for a total transaction of $69,322.80. Following the transaction, the senior vice president directly owned 16,873 shares of the company’s stock, valued at $713,221.71. This represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,692 shares of company stock worth $524,640. Insiders own 21.79% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of FSBC. Adage Capital Partners GP L.L.C. lifted its stake in Five Star Bancorp by 75.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock worth $20,388,000 after purchasing an additional 245,727 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Five Star Bancorp by 4,770.8% in the third quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company’s stock worth $1,892,000 after buying an additional 57,536 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of Five Star Bancorp by 14.8% in the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after acquiring an additional 56,412 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Five Star Bancorp by 81.1% in the 4th quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock valued at $4,449,000 after acquiring an additional 55,698 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Five Star Bancorp by 348.0% during the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock valued at $2,211,000 after acquiring an additional 45,541 shares during the period. 46.94% of the stock is owned by institutional investors.

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.