Five Star Bancorp (NASDAQ:FSBC) Price Target Raised to $32.00 at Stephens

Five Star Bancorp (NASDAQ:FSBC) had its target price raised by stock analysts at Stephens from $29.00 to $32.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens’ target price indicates a potential upside of 7.56% from the company’s current price.

FSBC has been the subject of several other research reports. Keefe, Bruyette & Woods upped 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 research note on Friday. DA Davidson upped their price objective on shares of Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a research note on Friday.

Five Star Bancorp Price Performance

NASDAQ FSBC traded up $0.51 during trading hours on Friday, hitting $29.75. 29,372 shares of the company’s stock traded hands, compared to its average volume of 49,842. Five Star Bancorp has a 52-week low of $18.50 and a 52-week high of $29.95. The company has a market capitalization of $634.27 million, a PE ratio of 11.27 and a beta of 0.41. 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’s 50-day moving average is $24.11 and its 200-day moving average is $23.49.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Five Star Bancorp had a net margin of 22.24% and a return on equity of 15.23%. The company had revenue of $49.37 million during the quarter. During the same period in the prior year, the company posted $0.77 EPS. Equities analysts forecast that Five Star Bancorp will post 2.15 EPS for the current fiscal year.

Institutional Trading of Five Star Bancorp

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Five Star Bancorp in the 4th quarter worth approximately $144,000. Global Retirement Partners LLC acquired a new position in shares of Five Star Bancorp in the 4th quarter worth approximately $56,000. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Five Star Bancorp by 17.5% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 218,219 shares of the company’s stock worth $5,713,000 after acquiring an additional 32,487 shares during the last quarter. Cox Capital Mgt LLC lifted its holdings in shares of Five Star Bancorp by 2.8% in the 1st quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock worth $1,787,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Five Star Bancorp by 8.3% in the 1st 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. Hedge funds and other institutional investors 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.