Five Star Bancorp’s (FSBC) Outperform Rating Reiterated at Raymond James

Five Star Bancorp (NASDAQ:FSBC)‘s stock had its “outperform” rating reissued by investment analysts at Raymond James in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $35.00 target price on the stock, down from their prior target price of $38.00. Raymond James’ target price suggests a potential upside of 14.53% from the stock’s previous close.

A number of other research analysts also recently commented on FSBC. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. Stephens restated an “overweight” rating and set a $37.00 price objective on shares of Five Star Bancorp in a research report on Tuesday.

Five Star Bancorp Stock Performance

NASDAQ:FSBC traded down $0.16 during trading hours on Wednesday, reaching $30.56. The stock had a trading volume of 15,239 shares, compared to its average volume of 42,879. The stock has a market capitalization of $651.51 million, a PE ratio of 13.40 and a beta of 0.48. Five Star Bancorp has a 52 week low of $21.10 and a 52 week high of $35.13. The company has a 50 day moving average price of $31.27 and a two-hundred day moving average price of $30.07.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. Equities research analysts predict that Five Star Bancorp will post 2.19 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 36,765 shares of the company’s stock, 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 this link. 25.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Five Star Bancorp

Several large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Five Star Bancorp by 0.3% in the third quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock worth $4,202,000 after acquiring an additional 401 shares during the period. SG Americas Securities LLC raised its holdings in shares of Five Star Bancorp by 18.7% in the 4th quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock valued at $218,000 after purchasing an additional 1,143 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Five Star Bancorp in the 3rd quarter worth approximately $109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Five Star Bancorp by 25.5% during the third 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 purchasing an additional 4,564 shares in the last quarter. Finally, PDT Partners LLC purchased a new position in Five Star Bancorp during the third quarter valued at approximately $244,000. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.