DA Davidson Lowers Earnings Estimates for Five Star Bancorp

Five Star Bancorp (NASDAQ:FSBC - Free Report) - Stock analysts at DA Davidson reduced their FY2025 earnings estimates for Five Star Bancorp in a research report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $2.57 per share for the year, down from their prior forecast of $2.58. The consensus estimate for Five Star Bancorp's current full-year earnings is $2.19 per share.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.02). The company had revenue of $54.05 million during the quarter. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. During the same quarter last year, the firm earned $0.64 EPS.

Other analysts also recently issued reports about the stock. Raymond James began coverage on shares of Five Star Bancorp in a report on Thursday. They set an "outperform" rating and a $38.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $33.00 to $37.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th.

Five Star Bancorp Trading Up 1.2 %

Five Star Bancorp stock traded up $0.36 during mid-day trading on Monday, hitting $30.75. The company had a trading volume of 80,564 shares, compared to its average volume of 47,188. The company has a market capitalization of $655.56 million, a price-to-earnings ratio of 13.49 and a beta of 0.45. The company's fifty day moving average is $31.95 and its 200-day moving average is $28.78. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp's payout ratio is 35.09%.

Insider Activity

In related news, SVP Michael Eugene Lee sold 1,500 shares of the business's stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 36,765 shares in the company, valued at approximately $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 25.57% of the company's stock.

Institutional Investors Weigh In On Five Star Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Five Star Bancorp in the third quarter worth about $109,000. Acadian Asset Management LLC acquired a new stake in Five Star Bancorp in the 2nd quarter valued at about $124,000. SG Americas Securities LLC purchased a new position in Five Star Bancorp in the 3rd quarter worth approximately $182,000. PDT Partners LLC acquired a new position in shares of Five Star Bancorp during the 3rd quarter worth approximately $244,000. Finally, Inspire Investing LLC acquired a new stake in shares of Five Star Bancorp in the third quarter valued at approximately $414,000. 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.