Stephens Reaffirms Overweight Rating for Five Star Bancorp (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBC - Get Free Report)'s stock had its "overweight" rating reiterated by equities researchers at Stephens in a report issued on Tuesday,Benzinga reports. They presently have a $37.00 price objective on the stock. Stephens' target price would indicate a potential upside of 21.63% from the company's current price.

A number of other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Five Star Bancorp from $33.00 to $37.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Raymond James began coverage on Five Star Bancorp in a research report on Thursday, December 19th. They set an "outperform" rating and a $38.00 price target for the company.

Five Star Bancorp Price Performance

Shares of Five Star Bancorp stock traded down $0.18 during trading on Tuesday, hitting $30.42. 39,503 shares of the company were exchanged, compared to its average volume of 44,006. The firm has a market capitalization of $648.55 million, a P/E ratio of 13.34 and a beta of 0.48. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13. The firm's fifty day moving average price is $31.20 and its 200 day moving average price is $30.08.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its 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 return on equity of 12.89% and a net margin of 21.40%. As a group, equities research analysts anticipate that Five Star Bancorp will post 2.64 earnings per share for the current year.

Institutional Investors Weigh In On Five Star Bancorp

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Five Star Bancorp by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company's stock valued at $11,221,000 after buying an additional 25,374 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company's stock valued at $3,997,000 after buying an additional 89,834 shares during the last quarter. Barclays PLC raised its stake in Five Star Bancorp by 332.1% in the 3rd quarter. Barclays PLC now owns 25,112 shares of the company's stock valued at $746,000 after acquiring an additional 19,301 shares during the period. State Street Corp raised its stake in 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 acquiring an additional 66,602 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Five Star Bancorp by 81.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company's stock valued at $698,000 after acquiring an additional 10,547 shares during the period. Institutional investors and hedge funds own 46.94% of the company's stock.

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.