Five Star Bancorp (NASDAQ:FSBC) Stock Gets Price Target Reduction from Stephens

Five Star Bancorp (NASDAQ:FSBC) had its price objective lowered by equities researchers at Stephens from $50.00 to $49.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Stephens‘s price target suggests a potential upside of 6.93% from the company’s current price.

FSBC has been the subject of several other reports. Weiss Ratings lowered Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Zacks Research upgraded Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $55.00 price target on shares of Five Star Bancorp in a research note on Tuesday, October 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Five Star Bancorp presently has an average rating of “Hold” and a consensus target price of $49.00.

Five Star Bancorp Price Performance

NASDAQ FSBC traded up $0.91 during mid-day trading on Monday, reaching $45.83. The stock had a trading volume of 35,829 shares, compared to its average volume of 130,589. Five Star Bancorp has a 1 year low of $32.20 and a 1 year high of $50.26. The company has a fifty day moving average price of $44.39 and a 200 day moving average price of $42.76. The stock has a market cap of $1.12 billion, a PE ratio of 12.99 and a beta of 0.55.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, October 26th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. Five Star Bancorp had a net margin of 26.58% and a return on equity of 16.89%. The firm had revenue of $52.62 million during the quarter, compared to analysts’ expectations of $51.31 million. As a group, equities research analysts expect that Five Star Bancorp will post 3.55 earnings per share for the current year.

Institutional Trading of Five Star Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Five Star Bancorp by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after purchasing an additional 34,396 shares during the period. Ieq Capital LLC purchased a new position in Five Star Bancorp in the second quarter valued at $1,203,000. Bank of New York Mellon Corp acquired a new position in Five Star Bancorp in the 2nd quarter worth about $4,642,000. Squarepoint Ops LLC purchased a new position in Five Star Bancorp during the second quarter valued at $1,994,000. Finally, BlackRock Inc. purchased a new position in shares of Five Star Bancorp in the second quarter valued at approximately $64,816,000. Institutional investors own 46.94% of the company’s stock.

About Five Star Bancorp

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.