Five Star Bancorp (NASDAQ:FSBC) Given Consensus Rating of “Hold” by Analysts

Five Star Bancorp (NASDAQ:FSBC) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $45.20.

A number of brokerages have recently issued reports on FSBC. Keefe, Bruyette & Woods boosted 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 report on Friday, May 1st. Weiss Ratings upgraded Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. DA Davidson boosted their price target on Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Zacks Research cut Five Star Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, Stephens set a $51.00 price objective on Five Star Bancorp in a research report on Monday, July 27th.

Insider Transactions at Five Star Bancorp

In other news, Director Donna Lucas acquired 1,136 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, for a total transaction of $49,984.00. Following the transaction, the director directly owned 14,254 shares of the company’s stock, valued at approximately $627,176. This trade represents a 8.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judson Teichert Riggs acquired 2,273 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of $44.00 per share, for a total transaction of $100,012.00. Following the completion of the transaction, the director directly owned 87,531 shares in the company, valued at approximately $3,851,364. This trade represents a 2.67% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 142,727 shares of company stock valued at $6,279,988. Company insiders own 21.79% of the company’s stock.

Institutional Investors Weigh In On Five Star Bancorp

Several large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Five Star Bancorp by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after purchasing an additional 390 shares during the last quarter. First Trust Advisors LP lifted its holdings in Five Star Bancorp by 3.4% during the 2nd quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after buying an additional 458 shares in the last quarter. State of Wyoming bought a new stake in shares of Five Star Bancorp during the second quarter valued at approximately $27,000. Swiss National Bank lifted its stake in Five Star Bancorp by 1.9% in the fourth quarter. Swiss National Bank now owns 31,596 shares of the company’s stock worth $1,131,000 after acquiring an additional 600 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its holdings in Five Star Bancorp by 11.9% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 7,547 shares of the company’s stock worth $367,000 after acquiring an additional 800 shares in the last quarter. 46.94% of the stock is owned by institutional investors.

Five Star Bancorp Price Performance

Shares of NASDAQ:FSBC opened at $45.15 on Monday. The stock has a market capitalization of $1.11 billion, a PE ratio of 13.36 and a beta of 0.53. The firm’s 50 day moving average price is $47.19 and its 200-day moving average price is $42.63. Five Star Bancorp has a twelve month low of $30.68 and a twelve month high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%. The business had revenue of $47.95 million during the quarter, compared to analysts’ expectations of $47.72 million. Analysts expect that Five Star Bancorp will post 3.52 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, August 3rd. Five Star Bancorp’s dividend payout ratio is presently 29.59%.

About Five Star Bancorp

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.