DA Davidson Reduces Earnings Estimates for Five Star Bancorp

Five Star Bancorp (NASDAQ:FSBC - Free Report) - Stock analysts at DA Davidson reduced their FY2025 earnings estimates for Five Star Bancorp in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.62 for the year, down from their previous estimate of $2.63. DA Davidson currently has a "Buy" rating and a $38.50 target price on the stock. The consensus estimate for Five Star Bancorp's current full-year earnings is $2.63 per share.

Several other equities analysts have also recently issued reports on the company. Raymond James reissued an "outperform" rating and set a $35.00 target price (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th. Stephens reiterated an "overweight" rating and set a $37.00 price target on shares of Five Star Bancorp in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods decreased their target price on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a research report on Thursday, January 30th.

Five Star Bancorp Stock Performance

Shares of NASDAQ FSBC traded up $1.22 during trading hours on Friday, hitting $26.59. The company's stock had a trading volume of 26,773 shares, compared to its average volume of 53,974. Five Star Bancorp has a 12 month low of $21.10 and a 12 month high of $35.13. The stock has a market cap of $567.03 million, a price-to-earnings ratio of 11.66 and a beta of 0.52. The business has a 50-day simple moving average of $29.25 and a 200-day simple moving average of $30.33.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Monday, February 3rd. Five Star Bancorp's dividend payout ratio (DPR) is 35.09%.

Insider Activity

In related news, CEO James Eugene Beckwith sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. Following the sale, the chief executive officer now owns 476,381 shares in the company, valued at approximately $14,410,525.25. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Donna Lucas bought 2,650 shares of the company's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the transaction, the director now directly owns 12,076 shares of the company's stock, valued at approximately $343,320.68. The trade was a 28.11 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 25.57% of the company's stock.

Institutional Trading of Five Star Bancorp

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Five Star Bancorp by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 840,142 shares of the company's stock worth $25,280,000 after acquiring an additional 13,001 shares during the period. Geode Capital Management LLC increased its stake in Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company's stock worth $11,221,000 after acquiring an additional 25,374 shares during the last quarter. State Street Corp lifted its stake in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company's stock valued at $11,094,000 after purchasing an additional 66,602 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Five Star Bancorp by 1.2% in the 4th quarter. Invesco Ltd. now owns 346,651 shares of the company's stock worth $10,431,000 after purchasing an additional 4,004 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Five Star Bancorp by 31.1% during the 4th quarter. American Century Companies Inc. now owns 261,494 shares of the company's stock valued at $7,868,000 after purchasing an additional 62,041 shares during the last quarter. Institutional investors own 46.94% of the company's stock.

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.