Five Star Bancorp (NASDAQ:FSBC) Given New $31.00 Price Target at Keefe, Bruyette & Woods

Five Star Bancorp (NASDAQ:FSBC) had its price target raised by Keefe, Bruyette & Woods from $27.00 to $31.00 in a report issued on Friday, Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, DA Davidson reissued a buy rating and issued a $29.00 price objective on shares of Five Star Bancorp in a research report on Tuesday, April 30th.

Five Star Bancorp Stock Performance

Shares of NASDAQ:FSBC opened at $29.43 on Friday. The company has a market capitalization of $627.45 million, a price-to-earnings ratio of 11.19 and a beta of 0.41. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. Five Star Bancorp has a 12 month low of $18.50 and a 12 month high of $30.03. The firm’s 50-day moving average is $24.36 and its 200 day moving average is $23.52.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $49.37 million during the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 15.23%. During the same period last year, the firm earned $0.77 earnings per share. Research analysts predict that Five Star Bancorp will post 2.15 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, August 5th will be given a $0.20 dividend. The ex-dividend date is Monday, August 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.72%. Five Star Bancorp’s payout ratio is presently 30.42%.

Institutional Investors Weigh In On Five Star Bancorp

Several hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Five Star Bancorp by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock worth $770,000 after purchasing an additional 797 shares during the period. Swiss National Bank lifted its position in shares of Five Star Bancorp by 8.3% in the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after purchasing an additional 1,700 shares during the period. Cox Capital Mgt LLC lifted its position in shares of Five Star Bancorp by 2.8% in the 1st quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock worth $1,787,000 after purchasing an additional 2,150 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Five Star Bancorp in the 4th quarter worth approximately $56,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Five Star Bancorp in the 4th quarter worth approximately $144,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

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.