Five Star Bancorp (NASDAQ:FSBC) Sets New 1-Year High – Should You Buy?

Five Star Bancorp (NASDAQ:FSBC)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $34.07 and last traded at $34.07, with a volume of 5484 shares trading hands. The stock had previously closed at $30.21.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stephens boosted their price target on Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price objective on shares of Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Finally, DA Davidson raised their target price on Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

Five Star Bancorp Stock Up 10.9 %

The stock’s 50 day moving average price is $29.56 and its two-hundred day moving average price is $26.40. The stock has a market cap of $714.22 million, a price-to-earnings ratio of 14.78 and a beta of 0.41.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). The company had revenue of $54.05 million for 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 company earned $0.64 earnings per share. On average, analysts predict that Five Star Bancorp will post 2.17 earnings per share 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. Shareholders of record on Monday, November 4th will be given a $0.20 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.80 annualized dividend and a yield of 2.39%. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Insider Activity

In other news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the sale, the senior vice president now directly owns 36,765 shares of the company’s stock, valued at $1,127,582.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 25.57% of the company’s stock.

Institutional Investors Weigh In On Five Star Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in Five Star Bancorp during the second quarter valued at $124,000. SG Americas Securities LLC acquired a new position in shares of Five Star Bancorp during the 3rd quarter worth about $182,000. Inspire Investing LLC purchased a new position in Five Star Bancorp in the 3rd quarter valued at about $414,000. Interval Partners LP acquired a new stake in Five Star Bancorp in the 1st quarter worth about $450,000. Finally, Swiss National Bank increased its stake in Five Star Bancorp by 8.3% during the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after buying an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.