FY2024 Earnings Forecast for Five Star Bancorp (NASDAQ:FSBC) Issued By DA Davidson

Five Star Bancorp (NASDAQ:FSBC) – Investment analysts at DA Davidson raised their FY2024 EPS estimates for Five Star Bancorp in a report released on Thursday, October 3rd. DA Davidson analyst G. Tenner now expects that the company will earn $2.21 per share for the year, up from their prior estimate of $2.20. DA Davidson currently has a “Buy” rating and a $34.00 price target on the stock. The consensus estimate for Five Star Bancorp’s current full-year earnings is $2.16 per share.

A number of other brokerages have also weighed in on FSBC. 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 report on Friday, July 26th. Keefe, Bruyette & Woods upped their target price on shares of Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th.

Five Star Bancorp Stock Performance

Shares of NASDAQ:FSBC opened at $28.65 on Friday. The firm has a fifty day moving average price of $28.61 and a 200 day moving average price of $25.15. Five Star Bancorp has a fifty-two week low of $18.50 and a fifty-two week high of $31.00. The firm has a market cap of $610.82 million, a price-to-earnings ratio of 10.89 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Wednesday, July 24th. The company reported $0.51 earnings per share for the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. The firm had revenue of $30.67 million during the quarter.

Five Star Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, August 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.80 annualized dividend and a yield of 2.79%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 30.42%.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 3,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $29.09, for a total transaction of $87,270.00. Following the completion of the transaction, the senior vice president now owns 38,265 shares in the company, valued at $1,113,128.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 4,000 shares of company stock worth $116,340 over the last 90 days. 25.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Star Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Five Star Bancorp by 2.4% in the first 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. Swiss National Bank raised its stake in shares of Five Star Bancorp by 8.3% in the first quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after acquiring an additional 1,700 shares during the period. Cox Capital Mgt LLC raised its stake in shares of Five Star Bancorp by 2.8% in the first quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock valued at $1,787,000 after acquiring an additional 2,150 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Five Star Bancorp in the second quarter valued at $124,000. Finally, Rhumbline Advisers raised its stake in shares of Five Star Bancorp by 30.3% in the second quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock valued at $564,000 after acquiring an additional 5,542 shares during the period. Hedge funds and other institutional investors own 46.94% of the company’s stock.

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.