Five Star Bancorp (NASDAQ:FSBC) Price Target Increased to $34.00 by Analysts at DA Davidson

Five Star Bancorp (NASDAQ:FSBC) had its price objective increased by equities researchers at DA Davidson from $27.00 to $34.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 15.02% from the company’s current price.

Separately, Keefe, Bruyette & Woods boosted their target price on Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday.

Five Star Bancorp Stock Up 1.1 %

Shares of Five Star Bancorp stock traded up $0.32 during trading on Friday, hitting $29.56. 13,338 shares of the stock traded hands, compared to its average volume of 49,723. The stock has a market cap of $630.22 million, a P/E ratio of 11.27 and a beta of 0.41. The company has a fifty day moving average price of $24.11 and a two-hundred day moving average price of $23.49. Five Star Bancorp has a twelve month low of $18.50 and a twelve month high of $29.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.08.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $49.37 million during the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 15.23%. During the same period in the prior year, the firm earned $0.77 earnings per share. Equities research analysts predict that Five Star Bancorp will post 2.15 EPS for the current fiscal year.

Institutional Trading of Five Star Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Five Star Bancorp by 31.9% during the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock worth $16,064,000 after buying an additional 172,507 shares during the last quarter. Kennedy Capital Management LLC increased its position 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 worth $4,285,000 after acquiring an additional 149,424 shares during the period. Stieven Capital Advisors L.P. acquired a new position in Five Star Bancorp during the 1st quarter valued at $3,150,000. Pacific Ridge Capital Partners LLC boosted its holdings in 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 purchasing an additional 92,260 shares during the period. Finally, EJF Capital LLC acquired a new stake in Five Star Bancorp in the 1st quarter worth $1,688,000. 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.