Five Star Bancorp (NASDAQ:FSBC) Issues Earnings Results

Five Star Bancorp (NASDAQ:FSBC) posted its quarterly earnings data on Monday. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04, Zacks reports. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%.

Five Star Bancorp Price Performance

Shares of FSBC stock opened at $30.50 on Tuesday. The stock has a fifty day moving average price of $31.31 and a 200 day moving average price of $30.03. The stock has a market cap of $650.26 million, a P/E ratio of 13.38 and a beta of 0.48. Five Star Bancorp has a one year low of $21.10 and a one year high of $35.13.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be paid a $0.20 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. Five Star Bancorp’s payout ratio is presently 35.09%.

Analyst Ratings Changes

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

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was 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 directly owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 25.57% 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.