Five Star Bancorp (NASDAQ:FSBC) Announces Earnings Results
by Amy Steele · The Cerbat GemFive Star Bancorp (NASDAQ:FSBC – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07, Zacks reports. The company had revenue of $45.10 million during the quarter, compared to the consensus estimate of $44.46 million. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.49%.
Five Star Bancorp Price Performance
Shares of NASDAQ FSBC opened at $40.79 on Tuesday. The company has a 50 day simple moving average of $38.88 and a 200-day simple moving average of $37.24. The company has a market capitalization of $872.09 million, a P/E ratio of 14.07 and a beta of 0.53. Five Star Bancorp has a 1 year low of $25.70 and a 1 year high of $42.26.
Five Star Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 34.48%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on FSBC. DA Davidson increased their price objective on shares of Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Five Star Bancorp has an average rating of “Moderate Buy” and a consensus price target of $40.00.
Read Our Latest Research Report on FSBC
Insider Buying and Selling
In related news, CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the completion of the sale, the chief executive officer owned 473,014 shares in the company, valued at approximately $17,340,693.24. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Eugene Lee sold 1,200 shares of Five Star Bancorp stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $39.30, for a total transaction of $47,160.00. Following the completion of the sale, the senior vice president owned 35,272 shares of the company’s stock, valued at $1,386,189.60. This trade represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 21.79% of the stock is owned by company insiders.
Institutional Trading of Five Star Bancorp
Institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its holdings in Five Star Bancorp by 3.4% in the 2nd quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after purchasing an additional 458 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Five Star Bancorp by 12.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,334 shares of the company’s stock valued at $334,000 after purchasing an additional 1,049 shares during the last quarter. Sei Investments Co. increased its holdings in Five Star Bancorp by 13.7% in the 2nd quarter. Sei Investments Co. now owns 10,941 shares of the company’s stock valued at $312,000 after purchasing an additional 1,321 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Five Star Bancorp in the 4th quarter valued at approximately $294,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Five Star Bancorp by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.
Five Star Bancorp Company Profile
Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.
The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.