Raymond James Reaffirms Outperform Rating for Five Star Bancorp (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBC)‘s stock had its “outperform” rating reissued by research analysts at Raymond James in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $35.00 price target on the stock, down from their previous price target of $38.00. Raymond James’ price objective indicates a potential upside of 14.38% from the company’s previous close.

Several other brokerages have also commented on FSBC. Stephens reiterated an “overweight” rating and set a $37.00 price target on shares of Five Star Bancorp in a research note on Tuesday. Keefe, Bruyette & Woods lifted 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.

Five Star Bancorp Trading Down 0.9 %

Shares of FSBC opened at $30.60 on Wednesday. Five Star Bancorp has a twelve month low of $21.10 and a twelve month high of $35.13. The firm’s fifty day simple moving average is $31.20 and its 200-day simple moving average is $30.08. The firm has a market capitalization of $652.39 million, a price-to-earnings ratio of 13.42 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.63 EPS 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%. On average, analysts predict that Five Star Bancorp will post 2.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Five Star Bancorp by 7.2% in 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 during the period. State Street Corp boosted its holdings in shares of Five Star Bancorp by 21.7% in the third quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after acquiring an additional 66,602 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Five Star Bancorp by 32.4% in the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock valued at $3,797,000 after acquiring an additional 39,256 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Five Star Bancorp by 0.3% in the third quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock valued at $4,202,000 after acquiring an additional 401 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Five Star Bancorp by 201.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after acquiring an additional 89,834 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.