FY2024 EPS Estimate for Five Star Bancorp Raised by Analyst

Five Star Bancorp (NASDAQ:FSBC - Free Report) - Research analysts at DA Davidson raised their FY2024 earnings estimates for Five Star Bancorp in a research note issued to investors on Wednesday, October 30th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $2.23 for the year, up from their prior forecast of $2.21. DA Davidson has a "Buy" rating and a $34.00 price objective on the stock. The consensus estimate for Five Star Bancorp's current full-year earnings is $2.16 per share. DA Davidson also issued estimates for Five Star Bancorp's Q4 2024 earnings at $0.60 EPS.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.02). The business had revenue of $54.05 million for the quarter. Five Star Bancorp had a return on equity of 14.03% and a net margin of 22.24%. During the same period in the previous year, the company earned $0.64 EPS.

A number of other equities research analysts also recently issued reports on FSBC. Keefe, Bruyette & Woods increased their price target on shares of Five Star Bancorp from $27.00 to $31.00 and gave the stock a "market perform" rating in a report on Friday, July 26th. Stephens increased their price target on shares of Five Star Bancorp from $29.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, July 26th.

Five Star Bancorp Price Performance

NASDAQ:FSBC traded down $1.18 on Thursday, reaching $30.08. 49,910 shares of the company's stock were exchanged, compared to its average volume of 47,315. The firm has a market cap of $641.31 million, a price-to-earnings ratio of 11.44 and a beta of 0.42. Five Star Bancorp has a 52 week low of $19.00 and a 52 week high of $31.88. The stock has a fifty day simple moving average of $29.54 and a 200-day simple moving average of $26.16.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, November 4th. Five Star Bancorp's payout ratio is 30.42%.

Institutional Investors Weigh In On Five Star Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of FSBC. Vanguard Group Inc. raised its stake in Five Star Bancorp by 31.9% in 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. Kennedy Capital Management LLC raised its stake in Five Star Bancorp by 364.2% in 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. Stieven Capital Advisors L.P. purchased a new stake in Five Star Bancorp in the first quarter valued at approximately $3,150,000. Pacific Ridge Capital Partners LLC raised its stake in Five Star Bancorp by 42.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 310,479 shares of the company's stock valued at $6,986,000 after purchasing an additional 92,260 shares in the last quarter. Finally, EJF Capital LLC purchased a new stake in Five Star Bancorp in the first quarter valued at approximately $1,688,000. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.