Raymond James Begins Coverage on Five Star Bancorp (NASDAQ:FSBC)

Equities research analysts at Raymond James began coverage on shares of Five Star Bancorp (NASDAQ:FSBC) in a research report issued on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $38.00 price target on the stock. Raymond James’ price target would indicate a potential upside of 24.75% from the company’s current price.

Separately, Keefe, Bruyette & Woods upped their price target on shares of Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Five Star Bancorp Stock Down 6.2 %

FSBC opened at $30.46 on Thursday. The business has a fifty day simple moving average of $31.91 and a 200-day simple moving average of $28.63. The firm has a market cap of $649.38 million, a PE ratio of 13.36 and a beta of 0.45. 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 issued 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 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 in the prior year, the company earned $0.64 earnings per share. On average, equities research analysts anticipate that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Michael Eugene Lee sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Barclays PLC boosted its holdings in Five Star Bancorp by 332.1% in the third quarter. Barclays PLC now owns 25,112 shares of the company’s stock worth $746,000 after purchasing an additional 19,301 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Five Star Bancorp by 7.2% in the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after buying an additional 25,374 shares during the last quarter. State Street Corp boosted its stake in shares of Five Star Bancorp by 21.7% during the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after acquiring an additional 66,602 shares in the last quarter. PDT Partners LLC bought a new stake in shares of Five Star Bancorp during the 3rd quarter worth about $244,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Five Star Bancorp by 25.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock valued at $667,000 after acquiring an additional 4,564 shares in the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.