Five Star Bancorp Announces Quarterly Dividend of $0.20 (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Friday, January 17th,RTT News reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.20 per share on Monday, February 10th. This represents a $0.80 annualized dividend and a yield of 2.64%.

Five Star Bancorp has increased its dividend by an average of 38.7% annually over the last three years. Five Star Bancorp has a payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Five Star Bancorp to earn $2.62 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 30.5%.

Five Star Bancorp Price Performance

NASDAQ FSBC traded up $0.17 during trading hours on Friday, reaching $30.27. The company’s stock had a trading volume of 35,286 shares, compared to its average volume of 32,790. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13. The firm has a market capitalization of $645.36 million, a price-to-earnings ratio of 13.28 and a beta of 0.48. The company’s 50-day moving average is $31.66 and its two-hundred day moving average is $29.63.

Five Star Bancorp (NASDAQ:FSBC) last announced 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 firm had revenue of $54.05 million during the quarter. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. During the same quarter in the prior year, the firm earned $0.64 EPS. Equities analysts forecast that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the sale, the senior vice president now owns 36,765 shares of the company’s stock, valued at $1,127,582.55. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 25.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James started coverage on Five Star Bancorp in a research report on Thursday, December 19th. They set an “outperform” rating and a $38.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective 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.

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.