Five Star Bancorp (NASDAQ:FSBC) Given New $31.00 Price Target at Keefe, Bruyette & Woods

Five Star Bancorp (NASDAQ:FSBC) had its price target hoisted by Keefe, Bruyette & Woods from $27.00 to $31.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, DA Davidson restated a buy rating and issued a $29.00 price objective on shares of Five Star Bancorp in a report on Tuesday, April 30th.

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $29.43 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average of $24.36 and a 200-day moving average of $23.52. The firm has a market cap of $627.45 million, a P/E ratio of 11.19 and a beta of 0.41. Five Star Bancorp has a 1-year low of $18.50 and a 1-year high of $30.03.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, April 29th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $0.77 earnings per share. Sell-side analysts expect that Five Star Bancorp will post 2.15 EPS for the current year.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, August 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $0.80 annualized dividend and a yield of 2.72%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

Institutional Trading of Five Star Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in Five Star Bancorp by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 88,589 shares of the company’s stock worth $2,095,000 after buying an additional 8,991 shares during the period. EJF Capital LLC bought a new position in shares of Five Star Bancorp during the first quarter valued at approximately $1,688,000. Interval Partners LP bought a new position in shares of Five Star Bancorp during the first quarter valued at approximately $450,000. Kennedy Capital Management LLC increased its stake in shares of Five Star Bancorp by 364.2% during the first quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock valued at $4,285,000 after purchasing an additional 149,424 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Five Star Bancorp by 2.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after purchasing an additional 797 shares in the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

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.