Five Star Bancorp (NASDAQ:FSBC – Get Free Report) Director Shannon Deary-Bell purchased 5,682 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average price of $44.00 per share, with a total value of $250,008.00. Following the completion of the purchase, the director owned 85,244 shares of the company’s stock, valued at $3,750,736. The trade was a 7.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Five Star Bancorp Stock Down 0.9%
Shares of Five Star Bancorp stock opened at $47.42 on Thursday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 14.03 and a beta of 0.53. The company has a 50 day moving average price of $45.95 and a 200 day moving average price of $41.64. Five Star Bancorp has a 52 week low of $28.34 and a 52 week high of $50.26.
Five Star Bancorp (NASDAQ:FSBC – Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a net margin of 25.92% and a return on equity of 16.17%. The company had revenue of $47.95 million for the quarter, compared to the consensus estimate of $47.72 million. As a group, research analysts anticipate that Five Star Bancorp will post 3.55 earnings per share for the current fiscal year.
Five Star Bancorp Dividend Announcement
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on FSBC. Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Keefe, Bruyette & Woods raised their price target 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. DA Davidson lifted their price objective on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Stephens set a $51.00 price objective on shares of Five Star Bancorp in a report on Monday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.20.
Check Out Our Latest Stock Report on FSBC
Five Star Bancorp News Roundup
Here are the key news stories impacting Five Star Bancorp this week:
- Positive Sentiment: Directors made substantial open-market purchases. Six directors collectively bought 142,727 shares for approximately $6.28 million at $44 per share. The largest purchase was Larry Eugene Allbaugh’s 96,591-share, $4.25 million acquisition. Broad insider buying can signal confidence in FSBC’s valuation and outlook. Insider buying report
- Positive Sentiment: Recent earnings exceeded expectations. Five Star Bancorp reported quarterly EPS of $0.91 versus the $0.86 consensus estimate, while revenue of roughly $48.0 million also topped forecasts. Its 16.17% return on equity and 25.92% net margin reinforce the case that earnings are supporting fair value. A valuation analysis described FSBC as approximately 2% undervalued. Fair value analysis
- Positive Sentiment: The quarterly dividend remains attractive. The company declared a $0.25-per-share dividend, equivalent to $1.00 annually and a yield of about 2.1%. The payout ratio is approximately 29.6%, suggesting room to maintain the dividend if earnings remain stable.
- Neutral Sentiment: The completed capital raise improves financial flexibility. Including the underwriters’ overallotment, FSBC sold 3,133,750 shares at $44 each and expects approximately $130.6 million in net proceeds. The funds may support Five Star Bank investments, loan growth and other corporate purposes. Offering announcement
- Negative Sentiment: The offering creates near-term shareholder dilution. The increased share count could pressure per-share earnings and offset some of the benefit from the new capital, likely contributing to caution despite the positive operating and insider-buying signals.
Hedge Funds Weigh In On Five Star Bancorp
Several institutional investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its position in shares of Five Star Bancorp by 81.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock worth $4,449,000 after acquiring an additional 55,698 shares during the period. Kennedy Capital Management LLC grew its position in shares of Five Star Bancorp by 14.8% during 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 period. Inspire Investing LLC increased its stake in shares of Five Star Bancorp by 348.0% in the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock valued at $2,211,000 after purchasing an additional 45,541 shares in the last quarter. Bank of America Corp DE raised its holdings in Five Star Bancorp by 59.6% in the 1st quarter. Bank of America Corp DE now owns 22,491 shares of the company’s stock worth $848,000 after purchasing an additional 8,402 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in Five Star Bancorp by 123.6% in the 1st quarter. Quantinno Capital Management LP now owns 15,956 shares of the company’s stock worth $602,000 after purchasing an additional 8,821 shares during the period. 46.94% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
- Five stocks we like better than Five Star Bancorp
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Five Star Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Star Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
