Shares of Five Star Bancorp (NASDAQ:FSBC – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $47.25.
FSBC has been the topic of a number of research analyst reports. Stephens set a $51.00 price objective on shares of Five Star Bancorp in a report on Monday, July 27th. Zacks Research upgraded shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. DA Davidson boosted their target price on shares of Five Star Bancorp from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 21st.
Read Our Latest Stock Analysis on FSBC
Five Star Bancorp Price Performance
FSBC stock opened at $43.13 on Tuesday. The business has a fifty day moving average price of $44.87 and a 200 day moving average price of $44.17. Five Star Bancorp has a fifty-two week low of $30.68 and a fifty-two week high of $50.26. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.76 and a beta of 0.55.
Five Star Bancorp (NASDAQ:FSBC – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a return on equity of 15.92% and a net margin of 25.92%. The company had revenue of $47.95 million for the quarter, compared to analysts’ expectations of $47.72 million. On average, equities analysts expect that Five Star Bancorp will post 3.50 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Shannon Deary-Bell purchased 5,682 shares of the stock in a transaction that occurred 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 acquisition, the director directly owned 85,244 shares in the company, valued at approximately $3,750,736. This trade represents a 7.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Ramos acquired 5,682 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was bought at an average price of $44.00 per share, with a total value of $250,008.00. Following the transaction, the director directly owned 177,546 shares in the company, valued at $7,812,024. The trade was a 3.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 142,727 shares of company stock valued at $6,279,988 over the last quarter. Company insiders own 21.79% of the company’s stock.
Institutional Investors Weigh In On Five Star Bancorp
Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Wyoming bought a new position in Five Star Bancorp in the second quarter valued at about $27,000. Susquehanna Fundamental Investments LLC boosted its stake in shares of Five Star Bancorp by 11.9% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 7,547 shares of the company’s stock valued at $367,000 after purchasing an additional 800 shares during the last quarter. Globeflex Capital L P bought a new position in shares of Five Star Bancorp in the 2nd quarter valued at about $46,000. 1492 Capital Management LLC boosted its stake in shares of Five Star Bancorp by 33.7% in the 1st quarter. 1492 Capital Management LLC now owns 8,373 shares of the company’s stock valued at $316,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Five Star Bancorp during the 2nd quarter worth approximately $141,000. 46.94% of the stock is owned by institutional investors and hedge funds.
About Five Star Bancorp
Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in Rancho Cordova, California. Through its banking subsidiary, the company provides deposit, lending and treasury management services to businesses, professionals, nonprofit organizations and individuals.
Five Star Bank’s lending activities include commercial real estate, construction and commercial business loans, as well as financing for small businesses and other relationship-based banking needs.
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