Five Star Bancorp (NASDAQ:FSBC) Issues Earnings Results

Five Star Bancorp (NASDAQ:FSBC) posted its quarterly earnings data on Monday. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02), Zacks reports. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. The company had revenue of $54.05 million for the quarter. During the same quarter last year, the business earned $0.64 EPS.

Five Star Bancorp Price Performance

Shares of FSBC traded up $1.16 during mid-day trading on Wednesday, hitting $31.26. The company’s stock had a trading volume of 37,588 shares, compared to its average volume of 47,303. The firm has a 50-day moving average price of $29.50 and a 200 day moving average price of $26.13. The stock has a market capitalization of $666.46 million, a price-to-earnings ratio of 11.89 and a beta of 0.42. Five Star Bancorp has a fifty-two week low of $19.00 and a fifty-two week high of $31.88.

Five Star Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. Five Star Bancorp’s dividend payout ratio is currently 30.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FSBC shares. Keefe, Bruyette & Woods raised their price target 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. DA Davidson lifted 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 report on Friday, July 26th. Finally, Stephens raised their target price on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th.

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.