FY2024 EPS Forecast for Five Star Bancorp Boosted by Analyst

Five Star Bancorp (NASDAQ:FSBC) – Investment analysts at DA Davidson lifted their FY2024 earnings per share estimates for shares of Five Star Bancorp in a report issued on Wednesday, October 30th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $2.23 per share for the year, up from their prior estimate of $2.21. DA Davidson has a “Buy” rating and a $34.00 price objective on the stock. The consensus estimate for Five Star Bancorp’s current full-year earnings is $2.17 per share. DA Davidson also issued estimates for Five Star Bancorp’s Q4 2024 earnings at $0.60 EPS.

FSBC has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted their price target on shares of Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Stephens lifted their price target on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, July 26th.

Five Star Bancorp Trading Up 0.4 %

FSBC stock opened at $30.19 on Thursday. The firm has a 50 day moving average of $29.55 and a 200-day moving average of $26.22. Five Star Bancorp has a 12-month low of $19.25 and a 12-month high of $31.88. The company has a market cap of $643.65 million, a price-to-earnings ratio of 13.24 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data 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). Five Star Bancorp had a net margin of 21.35% and a return on equity of 13.50%. The business had revenue of $54.05 million during the quarter. During the same quarter in the previous year, the company earned $0.64 earnings per share.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, November 4th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Insider Buying and Selling

In related news, SVP Michael Eugene Lee sold 1,500 shares of Five Star Bancorp stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 25.57% of the company’s stock.

Institutional Trading of Five Star Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Five Star Bancorp in the 2nd quarter worth approximately $124,000. SG Americas Securities LLC purchased a new stake in Five Star Bancorp in the 3rd quarter worth approximately $182,000. Inspire Investing LLC purchased a new stake in Five Star Bancorp in the 3rd quarter worth approximately $414,000. Interval Partners LP purchased a new stake in Five Star Bancorp in the 1st quarter worth approximately $450,000. Finally, Swiss National Bank grew its stake in Five Star Bancorp by 8.3% in the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after acquiring an additional 1,700 shares during the period. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.