Five Star Bancorp (NASDAQ:FSBC) Sets New 12-Month High - Still a Buy?

Five Star Bancorp (NASDAQ:FSBC - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $31.88 and last traded at $31.55, with a volume of 10239 shares changing hands. The stock had previously closed at $30.10.

Wall Street Analysts Forecast Growth

FSBC has been the subject of several research reports. DA Davidson increased their target price on Five Star Bancorp from $27.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods increased their price objective on Five Star Bancorp from $27.00 to $31.00 and gave the stock a "market perform" rating in a report on Friday, July 26th. Finally, Stephens raised their price objective on Five Star Bancorp from $29.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, July 26th.

Five Star Bancorp Stock Up 3.9 %

The company's fifty day moving average price is $29.50 and its 200-day moving average price is $26.13. The stock has a market capitalization of $666.46 million, a PE ratio of 11.89 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its quarterly earnings data 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 22.24% and a return on equity of 14.03%. The company had revenue of $54.05 million for the quarter. During the same period last year, the firm earned $0.64 EPS. Equities research analysts anticipate that Five Star Bancorp will post 2.16 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, November 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Monday, November 4th. Five Star Bancorp's payout ratio is 30.42%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Interval Partners LP purchased a new position in Five Star Bancorp in the 1st quarter worth approximately $450,000. Kennedy Capital Management LLC lifted its holdings in shares of Five Star Bancorp by 364.2% during the first quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company's stock valued at $4,285,000 after purchasing an additional 149,424 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Five Star Bancorp by 31.9% during the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company's stock valued at $16,064,000 after purchasing an additional 172,507 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of Five Star Bancorp by 42.3% during the first quarter. Pacific Ridge Capital Partners LLC now owns 310,479 shares of the company's stock valued at $6,986,000 after buying an additional 92,260 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Five Star Bancorp by 116.5% in the 2nd quarter. American Century Companies Inc. now owns 111,711 shares of the company's stock worth $2,642,000 after buying an additional 60,118 shares in the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.