Five Star Bancorp (NASDAQ:FSBC) to Issue $0.20 Quarterly Dividend

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Stockholders of record on Monday, November 4th will be paid a dividend of 0.20 per share on Tuesday, November 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, November 4th.

Five Star Bancorp has a dividend payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Five Star Bancorp to earn $2.40 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 33.3%.

Five Star Bancorp Price Performance

Five Star Bancorp stock traded up $0.11 during midday trading on Friday, hitting $30.19. The company's stock had a trading volume of 61,205 shares, compared to its average volume of 47,381. The company has a market cap of $643.65 million, a price-to-earnings ratio of 13.24 and a beta of 0.42. Five Star Bancorp has a 1-year low of $19.25 and a 1-year high of $31.88. The company has a 50-day moving average price of $29.55 and a two-hundred day moving average price of $26.25.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly 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 during the quarter. Five Star Bancorp had a net margin of 21.35% and a return on equity of 13.50%. During the same period last year, the firm posted $0.64 EPS. Sell-side analysts forecast that Five Star Bancorp will post 2.17 EPS for the current year.

Insider Activity at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the business's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the transaction, the senior vice president now owns 36,765 shares of the company's stock, valued at approximately $1,127,582.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FSBC shares. Stephens increased their target price on Five Star Bancorp from $29.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. DA Davidson boosted their target price on shares of Five Star Bancorp from $27.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped 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.

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.