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

Five Star Bancorp (NASDAQ:FSBC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.07 and last traded at $34.07, with a volume of 5484 shares. The stock had previously closed at $30.21.

Analyst Ratings Changes

FSBC has been the topic of several research analyst reports. DA Davidson increased their price target on shares of Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Finally, Stephens upped their price target 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.

Five Star Bancorp Stock Up 10.9 %

The company has a market cap of $714.22 million, a P/E ratio of 14.78 and a beta of 0.41. The company has a fifty day moving average of $29.56 and a 200 day moving average of $26.40.

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

Five Star Bancorp Dividend Announcement

The business also recently announced 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. This represents a $0.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Monday, November 4th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Insider Activity at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total value of $46,005.00. Following the sale, the senior vice president now owns 36,765 shares in the company, valued at approximately $1,127,582.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in Five Star Bancorp in the second quarter worth approximately $124,000. SG Americas Securities LLC bought a new position in shares of Five Star Bancorp during the 3rd quarter worth $182,000. Inspire Investing LLC purchased a new position in shares of Five Star Bancorp during the third quarter valued at $414,000. Interval Partners LP bought a new stake in shares of Five Star Bancorp in the first quarter valued at about $450,000. Finally, Swiss National Bank lifted its stake in Five Star Bancorp by 8.3% in the first quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after acquiring an additional 1,700 shares during the period. 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.