Five Star Bancorp (NASDAQ:FSBC) Price Target Lowered to $35.00 at Keefe, Bruyette & Woods

Five Star Bancorp (NASDAQ:FSBC) had its price objective reduced by Keefe, Bruyette & Woods from $37.00 to $35.00 in a research note published on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other brokerages have also issued reports on FSBC. Raymond James reaffirmed an “outperform” rating and set a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a report on Wednesday. Stephens reaffirmed an “overweight” rating and set a $37.00 target price on shares of Five Star Bancorp in a research note on Tuesday, January 28th.

Five Star Bancorp Stock Performance

Shares of FSBC stock opened at $30.41 on Thursday. Five Star Bancorp has a fifty-two week low of $21.10 and a fifty-two week high of $35.13. The stock’s fifty day moving average price is $31.15 and its two-hundred day moving average price is $30.12. The company has a market cap of $648.34 million, a PE ratio of 13.34 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. On average, equities analysts predict that Five Star Bancorp will post 2.64 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.80 annualized dividend and a yield of 2.63%. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Hedge Funds Weigh In On Five Star Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its position 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 buying an additional 1,143 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Five Star Bancorp by 81.5% during the third quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock worth $698,000 after acquiring an additional 10,547 shares during the last quarter. Barclays PLC lifted its stake in shares of 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 acquiring an additional 19,301 shares during the period. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 25,374 shares during the last quarter. Finally, State Street Corp increased its position in Five Star Bancorp by 21.7% during the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after purchasing an additional 66,602 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.