Five Star Bancorp’s (FSBC) Overweight Rating Reiterated at Stephens

Five Star Bancorp (NASDAQ:FSBC)‘s stock had its “overweight” rating reiterated by Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $37.00 price objective on the stock. Stephens’ target price indicates a potential upside of 20.36% from the company’s previous close.

FSBC has been the topic of several other research reports. Raymond James started coverage on Five Star Bancorp in a report on Thursday, December 19th. They set an “outperform” rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Five Star Bancorp Trading Up 0.8 %

Shares of FSBC stock traded up $0.24 on Tuesday, hitting $30.74. 12,658 shares of the stock were exchanged, compared to its average volume of 37,888. The firm has a market capitalization of $655.38 million, a P/E ratio of 13.48 and a beta of 0.48. The business has a 50-day moving average of $31.31 and a 200 day moving average of $30.03. Five Star Bancorp has a fifty-two week low of $21.10 and a fifty-two week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. As a group, research 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 news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares in the company, valued at approximately $1,127,582.55. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 25.57% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Five Star Bancorp by 18.7% during the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock worth $218,000 after purchasing an additional 1,143 shares during the period. JPMorgan Chase & Co. grew its position in Five Star Bancorp by 81.5% during the third quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock worth $698,000 after buying an additional 10,547 shares in the last quarter. Barclays PLC grew its position in Five Star Bancorp by 332.1% during the third quarter. Barclays PLC now owns 25,112 shares of the company’s stock worth $746,000 after buying an additional 19,301 shares in the last quarter. Geode Capital Management LLC grew its position in Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after buying an additional 25,374 shares in the last quarter. Finally, State Street Corp grew its position in Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after buying an additional 66,602 shares in the last quarter. 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.