Keefe, Bruyette & Woods Lowers Five Star Bancorp (NASDAQ:FSBC) Price Target to $35.00

Five Star Bancorp (NASDAQ:FSBC) had its target price decreased by Keefe, Bruyette & Woods from $37.00 to $35.00 in a report issued on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other research firms have also commented on FSBC. Stephens reaffirmed an “overweight” rating and issued a $37.00 price target on shares of Five Star Bancorp in a report on Tuesday. Raymond James reiterated an “outperform” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Five Star Bancorp in a research report on Wednesday.

Five Star Bancorp Price Performance

Five Star Bancorp stock opened at $30.60 on Thursday. Five Star Bancorp has a one year low of $21.10 and a one year high of $35.13. The business has a fifty day moving average price of $31.20 and a 200-day moving average price of $30.08. The firm has a market capitalization of $652.39 million, a P/E ratio of 13.42 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. Sell-side analysts expect that Five Star Bancorp will post 2.64 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. Five Star Bancorp’s payout ratio is 35.09%.

Institutional Investors Weigh In On Five Star Bancorp

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after purchasing an additional 25,374 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Five Star Bancorp by 201.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after buying an additional 89,834 shares during the last quarter. Barclays PLC grew its stake in shares of Five Star Bancorp by 332.1% during the third quarter. Barclays PLC now owns 25,112 shares of the company’s stock valued at $746,000 after buying an additional 19,301 shares during the last quarter. State Street Corp grew its stake in shares of Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after buying an additional 66,602 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Five Star Bancorp by 81.5% during the third quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock valued at $698,000 after buying an additional 10,547 shares during the last quarter. Hedge funds and other institutional investors 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.