Five Star Bancorp (NASDAQ:FSBC) Releases Earnings Results, Misses Estimates By $0.02 EPS

Five Star Bancorp (NASDAQ:FSBC) announced its quarterly earnings data on Monday. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.02), Zacks reports. The firm had revenue of $54.05 million during the quarter. Five Star Bancorp had a return on equity of 14.03% and a net margin of 22.24%. During the same period last year, the firm posted $0.64 EPS.

Five Star Bancorp Stock Performance

FSBC opened at $31.26 on Thursday. The company has a fifty day moving average of $29.50 and a two-hundred day moving average of $26.13. Five Star Bancorp has a fifty-two week low of $19.00 and a fifty-two week high of $31.88. The stock has a market capitalization of $666.46 million, a price-to-earnings ratio of 11.89 and a beta of 0.42.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, November 4th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Monday, November 4th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

Analyst Ratings Changes

Several analysts have commented on the stock. DA Davidson lifted their price objective on shares of Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods upped their price target on shares of Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Finally, Stephens lifted their price objective on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th.

About Five Star Bancorp

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.