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

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) announced a quarterly dividend on Thursday, April 17th, RTT News reports. Investors of record on Monday, May 5th will be given a dividend of 0.20 per share on Monday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Monday, May 5th.

Five Star Bancorp has raised its dividend payment by an average of 38.7% per year over the last three years. Five Star Bancorp has a dividend payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $3.11 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 25.7%.

Five Star Bancorp Price Performance

FSBC stock traded down $0.39 on Friday, reaching $26.98. 4,237 shares of the company traded hands, compared to its average volume of 54,869. The firm has a fifty day simple moving average of $28.10 and a 200-day simple moving average of $30.07. Five Star Bancorp has a one year low of $21.37 and a one year high of $35.13. The company has a market cap of $575.35 million, a P/E ratio of 11.83 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. On average, sell-side analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Insider Activity

In other news, CEO James Eugene Beckwith sold 4,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 476,381 shares of the company's stock, valued at approximately $14,410,525.25. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna Lucas bought 2,650 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $28.43 per share, with a total value of $75,339.50. Following the transaction, the director now owns 12,076 shares of the company's stock, valued at $343,320.68. The trade was a 28.11 % increase in their position. The disclosure for this purchase can be found here. Insiders own 25.57% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on FSBC. Keefe, Bruyette & Woods reduced their price target on shares of Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Thursday, January 30th. DA Davidson restated a "buy" rating and issued a $38.50 price target on shares of Five Star Bancorp in a research note on Thursday, January 30th. Raymond James reiterated an "outperform" rating and set a $35.00 price objective (down previously from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. Finally, Stephens reissued an "overweight" rating and issued a $37.00 target price on shares of Five Star Bancorp in a research report on Tuesday, January 28th.

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.