Five Star Bancorp (NASDAQ:FSBC) Posts Earnings Results

Five Star Bancorp (NASDAQ:FSBC) announced its earnings results on Monday. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04, Zacks reports. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $30.72 on Wednesday. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13. The business’s fifty day moving average price is $31.27 and its two-hundred day moving average price is $30.07. The firm has a market capitalization of $654.95 million, a PE ratio of 13.47 and a beta of 0.48.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Monday, February 3rd. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FSBC shares. Keefe, Bruyette & Woods upped their price target on Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. 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 target on the stock. Finally, Stephens reissued an “overweight” rating and set a $37.00 price target on shares of Five Star Bancorp in a research report on Tuesday.

Insiders Place Their Bets

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction on 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 directly owns 36,765 shares of the company’s stock, valued at $1,127,582.55. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 25.57% of the stock is owned by corporate insiders.

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.