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

Stephens reaffirmed their overweight rating on shares of Five Star Bancorp (NASDAQ:FSBC) in a research note released on Tuesday,Benzinga reports. Stephens currently has a $37.00 target price on the stock.

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

Five Star Bancorp Trading Down 0.9 %

FSBC stock opened at $30.60 on Tuesday. The company has a market capitalization of $652.39 million, a P/E ratio of 13.42 and a beta of 0.48. The business has a 50 day simple moving average of $31.20 and a 200-day simple moving average of $30.08. Five Star Bancorp has a twelve month low of $21.10 and a twelve month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. Research analysts predict that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Monday, February 3rd. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Hedge Funds Weigh In On Five Star Bancorp

A number of large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Five Star Bancorp during the third quarter worth $109,000. SG Americas Securities LLC acquired a new position in shares of Five Star Bancorp during the 3rd quarter worth $182,000. PDT Partners LLC acquired a new stake in shares of Five Star Bancorp in the third quarter valued at about $244,000. Inspire Investing LLC purchased a new stake in Five Star Bancorp during the third quarter worth about $414,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Five Star Bancorp by 25.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock worth $667,000 after buying an additional 4,564 shares during the period. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.