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

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

Analyst Ratings Changes

Several brokerages have recently commented on FSBC. DA Davidson increased their price objective on Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 26th. Stephens increased their price target on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price target on Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th.

Five Star Bancorp Trading Down 3.8 %

The stock has a 50-day simple moving average of $29.54 and a 200 day simple moving average of $26.16. The company has a market cap of $641.31 million, a price-to-earnings ratio of 13.19 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). The business 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 quarter in the prior year, the firm earned $0.64 EPS. As a group, research analysts forecast that Five Star Bancorp will post 2.17 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Institutional Trading of Five Star Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in shares of Five Star Bancorp in the second quarter valued at approximately $124,000. SG Americas Securities LLC acquired a new stake in shares of Five Star Bancorp in the third quarter valued at about $182,000. Inspire Investing LLC acquired a new stake in Five Star Bancorp in the 3rd quarter worth about $414,000. Interval Partners LP acquired a new stake in shares of Five Star Bancorp in the first quarter worth approximately $450,000. Finally, Swiss National Bank lifted its holdings in Five Star Bancorp by 8.3% in the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after purchasing an additional 1,700 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

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.