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

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Friday, January 17th,RTT News reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.20 per share on Monday, February 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.64%.

Five Star Bancorp has increased its dividend by an average of 38.7% annually over the last three years. Five Star Bancorp has a dividend payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $2.62 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 30.5%.

Five Star Bancorp Stock Performance

NASDAQ FSBC opened at $30.27 on Friday. The business’s fifty day moving average is $31.62 and its 200 day moving average is $29.67. The company has a market capitalization of $645.36 million, a PE ratio of 13.28 and a beta of 0.48. Five Star Bancorp has a fifty-two week low of $21.10 and a fifty-two week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last released 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 firm had revenue of $54.05 million for 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 posted $0.64 EPS. On average, sell-side analysts forecast that Five Star Bancorp will post 2.19 EPS for the current year.

Insider Activity at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $30.67, for a total value of $46,005.00. Following the sale, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 25.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on FSBC shares. Raymond James assumed coverage on Five Star Bancorp in a research note on Thursday, December 19th. They set an “outperform” rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.