Five Star Bancorp’s (FSBC) Overweight Rating Reaffirmed at Stephens

Five Star Bancorp (NASDAQ:FSBC)‘s stock had its “overweight” rating reissued by equities research analysts at Stephens in a report released on Tuesday,Benzinga reports. They currently have a $37.00 price target on the stock. Stephens’ target price suggests a potential upside of 19.78% from the company’s current price.

A number of other brokerages also recently commented on FSBC. Raymond James initiated coverage on shares of Five Star Bancorp in a research report on Thursday, December 19th. They issued an “outperform” rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $30.89 on Tuesday. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13. The company has a market cap of $658.54 million, a P/E ratio of 13.55 and a beta of 0.48. The stock’s 50-day simple moving average is $31.25 and its 200 day simple moving average is $30.08.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. As a group, equities analysts predict that Five Star Bancorp will post 2.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Five Star Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Five Star Bancorp by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after purchasing an additional 25,374 shares in the last quarter. State Street Corp boosted its stake in shares of Five Star Bancorp by 21.7% in the third quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after buying an additional 66,602 shares during the period. Dimensional Fund Advisors LP grew its position in Five Star Bancorp by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after buying an additional 39,256 shares in the last quarter. Brighton Jones LLC raised its holdings in Five Star Bancorp by 0.3% in the 3rd quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock valued at $4,202,000 after acquiring an additional 401 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Five Star Bancorp by 201.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after purchasing an additional 89,834 shares in the last quarter. Institutional investors and hedge funds 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.