Five Star Bancorp (NASDAQ:FSBC) Now Covered by Raymond James

Raymond James initiated coverage on shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage issued an outperform rating and a $38.00 price target on the stock.

Separately, Keefe, Bruyette & Woods raised their price objective 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

Shares of NASDAQ:FSBC traded down $0.28 during trading on Thursday, hitting $30.18. The company's stock had a trading volume of 54,951 shares, compared to its average volume of 46,759. The business has a 50 day moving average price of $31.94 and a two-hundred day moving average price of $28.64. Five Star Bancorp has a fifty-two week low of $21.10 and a fifty-two week high of $35.13. The company has a market capitalization of $643.41 million, a PE ratio of 13.24 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.02). Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. The firm had revenue of $54.05 million during the quarter. During the same period in the previous year, the business posted $0.64 earnings per share. As a group, equities analysts expect that Five Star Bancorp will post 2.19 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp's payout ratio is currently 35.09%.

Insider Buying and Selling

In other news, SVP Michael Eugene Lee sold 1,500 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares in the company, valued at approximately $1,127,582.55. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 25.57% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Five Star Bancorp in the 3rd quarter valued at $109,000. Acadian Asset Management LLC acquired a new position in Five Star Bancorp in the second quarter valued at about $124,000. SG Americas Securities LLC acquired a new stake in shares of Five Star Bancorp during the third quarter worth approximately $182,000. PDT Partners LLC bought a new position in shares of Five Star Bancorp in the third quarter valued at approximately $244,000. Finally, Inspire Investing LLC acquired a new position in shares of Five Star Bancorp in the 3rd quarter worth approximately $414,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.