Five Star Bancorp (NASDAQ:FSBC) Sets New 52-Week High – What’s Next?

Five Star Bancorp (NASDAQ:FSBC) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $31.88 and last traded at $31.55, with a volume of 10239 shares trading hands. The stock had previously closed at $30.10.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FSBC. Keefe, Bruyette & Woods raised their price target on Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Stephens lifted their target price on Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, DA Davidson upped their price target on shares of Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

Five Star Bancorp Stock Down 3.8 %

The firm has a 50 day moving average of $29.54 and a 200-day moving average of $26.16. The company has a market cap of $641.31 million, a P/E ratio of 13.19 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). The firm had revenue of $54.05 million for the quarter. Five Star Bancorp had a return on equity of 13.50% and a net margin of 21.35%. During the same quarter last year, the firm earned $0.64 earnings per share. On average, research analysts predict that Five Star Bancorp will post 2.17 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Hedge Funds Weigh In On Five Star Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in Five Star Bancorp by 0.3% during the third quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock worth $4,202,000 after buying an additional 401 shares during the period. Inspire Investing LLC bought a new position in shares of Five Star Bancorp in the 3rd quarter worth $414,000. SG Americas Securities LLC purchased a new stake in shares of Five Star Bancorp during the 3rd quarter worth $182,000. Mendon Capital Advisors Corp boosted its position in Five Star Bancorp by 320.7% during the second quarter. Mendon Capital Advisors Corp now owns 50,000 shares of the company’s stock valued at $1,182,000 after purchasing an additional 38,116 shares in the last quarter. Finally, Davis Asset Management L.P. grew its stake in Five Star Bancorp by 3.4% in the second quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock valued at $35,747,000 after purchasing an additional 50,000 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors.

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.