Five Star Bancorp (NASDAQ:FSBC) Issues Earnings Results

Five Star Bancorp (NASDAQ:FSBC) posted its quarterly earnings data on Monday. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05, Yahoo Finance reports. The company had revenue of $49.37 million during the quarter. Five Star Bancorp had a net margin of 23.84% and a return on equity of 16.36%. During the same quarter in the prior year, the company posted $0.77 earnings per share.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $21.79 on Thursday. The firm has a 50-day simple moving average of $22.63 and a 200-day simple moving average of $23.04. The stock has a market capitalization of $378.06 million, a price-to-earnings ratio of 8.29 and a beta of 0.38. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.59. Five Star Bancorp has a 52 week low of $17.74 and a 52 week high of $28.25.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, May 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is 30.42%.

Analysts Set New Price Targets

FSBC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $27.00 price objective on shares of Five Star Bancorp in a research report on Monday, April 1st. DA Davidson restated a “buy” rating and set a $29.00 price objective on shares of Five Star Bancorp in a research report on Tuesday.

Insider Activity

In other Five Star Bancorp news, Director Robert Truxtun Perry-Smith bought 80,460 shares of Five Star Bancorp stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of $21.75 per share, for a total transaction of $1,750,005.00. Following the completion of the transaction, the director now directly owns 227,638 shares of the company’s stock, valued at $4,951,126.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 25.57% of the company’s stock.

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.