Five Star Bancorp (NASDAQ:FSBC) Posts Earnings Results, Beats Estimates By $0.04 EPS

Five Star Bancorp (NASDAQ:FSBC) announced its quarterly earnings results on Monday. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04, Zacks reports. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $30.50 on Tuesday. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13. The stock has a fifty day moving average price of $31.31 and a 200 day moving average price of $30.03. The company has a market cap of $650.26 million, a PE ratio of 13.38 and a beta of 0.48.

Five Star Bancorp Announces Dividend

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. This represents a $0.80 annualized dividend and a yield of 2.62%. The ex-dividend date is Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price objective 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. Raymond James began coverage on shares of Five Star Bancorp in a report on Thursday, December 19th. They set an “outperform” rating and a $38.00 target price for the company.

Insider Activity

In other news, SVP Michael Eugene Lee sold 1,500 shares of the company’s stock in a transaction 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 $1,127,582.55. This represents a 3.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 25.57% 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.