Five Star Bancorp (NASDAQ:FSBC) Declares $0.20 Quarterly Dividend

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Monday, November 4th will be given a dividend of 0.20 per share on Tuesday, November 12th. This represents a $0.80 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Monday, November 4th.

Five Star Bancorp has a dividend payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $2.40 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 33.3%.

Five Star Bancorp Stock Performance

NASDAQ FSBC opened at $30.19 on Friday. The company has a market capitalization of $643.65 million, a price-to-earnings ratio of 13.24 and a beta of 0.42. Five Star Bancorp has a one year low of $19.25 and a one year high of $31.88. The stock has a 50-day moving average of $29.55 and a 200 day moving average of $26.22.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares of the company’s stock, valued at $1,127,582.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 25.57% of the stock is currently owned by corporate insiders.

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.