Five Star Bancorp (NASDAQ:FSBC) Receives “Outperform” Rating from Raymond James

Raymond James restated their outperform rating on shares of Five Star Bancorp (NASDAQ:FSBC) in a report published on Wednesday,Benzinga reports. Raymond James currently has a $35.00 price target on the stock, down from their previous price target of $38.00.

Several other equities research analysts have also weighed in on FSBC. Stephens restated an “overweight” rating and set a $37.00 price target on shares of Five Star Bancorp in a research report on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Five Star Bancorp Trading Up 0.6 %

Shares of NASDAQ FSBC opened at $30.89 on Wednesday. The firm has a fifty day simple moving average of $31.25 and a two-hundred day simple moving average of $30.08. Five Star Bancorp has a 12 month low of $21.10 and a 12 month high of $35.13. The firm has a market capitalization of $658.54 million, a PE ratio of 13.55 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. On average, sell-side analysts predict that Five Star Bancorp will post 2.19 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

Hedge Funds Weigh In On Five Star Bancorp

Several large investors have recently modified their holdings of FSBC. Geode Capital Management LLC grew its position in Five Star Bancorp by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after purchasing an additional 25,374 shares during the last quarter. State Street Corp grew its holdings in shares of Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after buying an additional 66,602 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Five Star Bancorp by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock valued at $3,797,000 after buying an additional 39,256 shares during the last quarter. Brighton Jones LLC increased its position in shares of Five Star Bancorp by 0.3% during the third quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock valued at $4,202,000 after acquiring an additional 401 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after acquiring an additional 89,834 shares during the last quarter. Hedge funds and other institutional investors 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.