Five Star Bancorp (NASDAQ:FSBC) Hits New 1-Year High at $30.12

Shares of Five Star Bancorp (NASDAQ:FSBC) hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.12 and last traded at $30.10, with a volume of 18249 shares trading hands. The stock had previously closed at $29.50.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stephens increased their price objective on Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. DA Davidson upped their target price 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. Finally, Keefe, Bruyette & Woods lifted 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.

Five Star Bancorp Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $626.81 million, a P/E ratio of 11.18 and a beta of 0.41. The company has a 50-day simple moving average of $24.61 and a 200-day simple moving average of $23.60.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Five Star Bancorp had a return on equity of 15.23% and a net margin of 22.24%. The business had revenue of $49.37 million during the quarter. During the same period in the prior year, the firm earned $0.77 earnings per share. On average, sell-side analysts forecast that Five Star Bancorp will post 2.2 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

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

Insider Transactions at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 3,000 shares of Five Star Bancorp stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $29.09, for a total transaction of $87,270.00. Following the completion of the sale, the senior vice president now owns 38,265 shares in the company, valued at approximately $1,113,128.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 25.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Five Star Bancorp by 31.9% in the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock valued at $16,064,000 after purchasing an additional 172,507 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Five Star Bancorp by 42.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 310,479 shares of the company’s stock valued at $6,986,000 after acquiring an additional 92,260 shares during the period. Kennedy Capital Management LLC grew its holdings in Five Star Bancorp by 364.2% during the first quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock valued at $4,285,000 after purchasing an additional 149,424 shares during the period. Stieven Capital Advisors L.P. bought a new stake in Five Star Bancorp in the first quarter valued at approximately $3,150,000. Finally, Bank of New York Mellon Corp increased its stake in Five Star Bancorp by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 88,589 shares of the company’s stock valued at $2,095,000 after purchasing an additional 8,991 shares in the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

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.