Five Star Bancorp (NASDAQ:FSBC) Short Interest Update

Five Star Bancorp (NASDAQ:FSBC) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 310,000 shares, a growth of 28.5% from the June 30th total of 241,200 shares. Based on an average daily trading volume, of 67,100 shares, the short-interest ratio is presently 4.6 days. Approximately 2.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FSBC shares. Keefe, Bruyette & Woods increased their price objective on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday. DA Davidson lifted their price objective on Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a research note on Friday. Finally, Stephens upped their target price on shares of Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new position in Five Star Bancorp in the fourth quarter valued at $56,000. SG Americas Securities LLC purchased a new stake in Five Star Bancorp in the fourth quarter valued at approximately $144,000. Interval Partners LP acquired a new stake in shares of Five Star Bancorp in the first quarter valued at approximately $450,000. Swiss National Bank grew its position in shares of Five Star Bancorp by 8.3% during the first quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Five Star Bancorp by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after acquiring an additional 797 shares during the period. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $29.89 on Friday. Five Star Bancorp has a 12 month low of $18.50 and a 12 month high of $30.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $637.25 million, a PE ratio of 11.37 and a beta of 0.41. The business’s fifty day moving average price is $24.24 and its 200 day moving average price is $23.51.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Five Star Bancorp had a return on equity of 15.23% and a net margin of 22.24%. The business had revenue of $49.37 million during the quarter. During the same period in the prior year, the company posted $0.77 earnings per share. On average, sell-side analysts anticipate that Five Star Bancorp will post 2.15 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 Monday, August 12th. Stockholders of record on Monday, August 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. Five Star Bancorp’s dividend payout ratio is presently 30.42%.

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.