Five Star Bancorp (NASDAQ:FSBC) to Issue Quarterly Dividend of $0.20

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.20 per share on Tuesday, November 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, November 4th.

Five Star Bancorp has a dividend payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Five Star Bancorp to earn $2.40 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 33.3%.

Five Star Bancorp Stock Performance

FSBC stock traded up $0.11 during midday trading on Friday, hitting $30.19. 61,205 shares of the company’s stock were exchanged, compared to its average volume of 47,381. The stock’s fifty day moving average price is $29.55 and its 200-day moving average price is $26.22. The company has a market cap of $643.65 million, a PE ratio of 13.24 and a beta of 0.42. Five Star Bancorp has a one year low of $19.25 and a one year high of $31.88.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). The business had revenue of $54.05 million for the quarter. Five Star Bancorp had a return on equity of 13.50% and a net margin of 21.35%. During the same quarter in the previous year, the company posted $0.64 EPS. On average, analysts expect that Five Star Bancorp will post 2.17 EPS for the current year.

Insider Activity

In other 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 sale, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 25.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on FSBC shares. DA Davidson lifted their target price on Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stephens lifted their target price on Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price target on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, July 26th.

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.