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

Five Star Bancorp (NASDAQ:FSBCGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $42.30.

A number of equities analysts have weighed in on FSBC shares. Keefe, Bruyette & Woods upped their price objective on shares of 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. Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. Stephens upped their price objective 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, April 29th. Finally, DA Davidson upped their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th.

Check Out Our Latest Analysis on Five Star Bancorp

Insider Transactions at Five Star Bancorp

In other news, SVP Brett Levi Wait sold 1,640 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Eugene Lee sold 1,641 shares of the company’s 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 sale, the senior vice president directly owned 33,631 shares of the company’s stock, valued at $1,387,615.06. The trade was a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,692 shares of company stock valued at $524,640 over the last 90 days. 21.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Five Star Bancorp

Large investors have recently modified their holdings of the business. Deprince Race & Zollo Inc. grew its holdings in shares of Five Star Bancorp by 81.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock worth $4,449,000 after buying an additional 55,698 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in shares of Five Star Bancorp by 14.8% during the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock worth $15,701,000 after buying an additional 56,412 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Five Star Bancorp by 348.0% during the first quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock worth $2,211,000 after buying an additional 45,541 shares in the last quarter. 1492 Capital Management LLC grew its holdings in shares of Five Star Bancorp by 33.7% during the first quarter. 1492 Capital Management LLC now owns 8,373 shares of the company’s stock worth $316,000 after buying an additional 2,110 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock valued at $77,000 after purchasing an additional 1,322 shares during the period. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $44.76 on Wednesday. The company has a fifty day moving average of $41.30 and a two-hundred day moving average of $39.00. The stock has a market capitalization of $956.97 million, a PE ratio of 14.21 and a beta of 0.54. Five Star Bancorp has a fifty-two week low of $26.20 and a fifty-two week high of $45.20.

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

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. Five Star Bancorp’s dividend payout ratio is presently 31.75%.

Five Star Bancorp Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Five Star Bancorp (NASDAQ:FSBC)

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