Five Star Bancorp (NASDAQ:FSBC) Earns Outperform Rating from Analysts at Raymond James

Equities research analysts at Raymond James began coverage on shares of Five Star Bancorp (NASDAQ:FSBC) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $38.00 price target on the stock. Raymond James’ price target suggests a potential upside of 24.75% from the stock’s current price.

Separately, Keefe, Bruyette & Woods boosted their price target on shares of 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 Stock Down 6.2 %

FSBC opened at $30.46 on Thursday. The company’s 50-day moving average price is $31.91 and its 200 day moving average price is $28.63. Five Star Bancorp has a fifty-two week low of $21.10 and a fifty-two week high of $35.13. The firm has a market cap of $649.38 million, a price-to-earnings ratio of 13.36 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. The company had revenue of $54.05 million for the quarter. During the same quarter last year, the firm earned $0.64 EPS. Research analysts anticipate that Five Star Bancorp will post 2.19 earnings per share for the current year.

Insider Activity at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $30.67, for a total value of $46,005.00. Following the completion of the transaction, the senior vice president now owns 36,765 shares in the company, valued at $1,127,582.55. This represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 25.57% of the stock is owned by insiders.

Institutional Trading of Five Star Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Five Star Bancorp during the third quarter valued at approximately $109,000. Acadian Asset Management LLC bought a new position in Five Star Bancorp during the second quarter valued at about $124,000. SG Americas Securities LLC acquired a new position in Five Star Bancorp during the third quarter worth about $182,000. PDT Partners LLC bought a new stake in Five Star Bancorp in the third quarter worth about $244,000. Finally, Inspire Investing LLC acquired a new stake in Five Star Bancorp in the 3rd quarter valued at about $414,000. 46.94% of the stock is owned by institutional investors and hedge funds.

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.