Five Star Bancorp (NASDAQ:FSBC) Sets New 12-Month High – Still a Buy?

Five Star Bancorp (NASDAQ:FSBC) shares hit a new 52-week high on Wednesday . The company traded as high as $31.88 and last traded at $31.55, with a volume of 10239 shares trading hands. The stock had previously closed at $30.10.

Analysts Set New Price Targets

FSBC has been the topic of a number of research reports. DA Davidson raised their price target on 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 raised their price objective on shares of Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Stephens upped their target price on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 26th.

Five Star Bancorp Stock Up 4.5 %

The company has a fifty day simple moving average of $29.44 and a 200-day simple moving average of $26.09. The firm has a market cap of $670.51 million, a P/E ratio of 11.44 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. The company had revenue of $54.05 million for the quarter. During the same period in the previous year, the business posted $0.64 EPS. As a group, research analysts forecast that Five Star Bancorp will post 2.16 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be paid a $0.20 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSBC. Brighton Jones LLC raised its holdings in 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 during the period. Inspire Investing LLC purchased a new stake in shares of Five Star Bancorp during the third quarter worth about $414,000. SG Americas Securities LLC bought a new stake in Five Star Bancorp during the 3rd quarter valued at approximately $182,000. Mendon Capital Advisors Corp lifted its holdings in Five Star Bancorp by 320.7% in the 2nd quarter. Mendon Capital Advisors Corp now owns 50,000 shares of the company’s stock worth $1,182,000 after purchasing an additional 38,116 shares in the last quarter. Finally, Davis Asset Management L.P. boosted its stake in Five Star Bancorp by 3.4% in the 2nd quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock worth $35,747,000 after purchasing an additional 50,000 shares during the period. 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.