Five Star Bancorp (NASDAQ:FSBC) Announces Earnings Results, Beats Expectations By $0.05 EPS

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

Five Star Bancorp Stock Performance

Shares of Five Star Bancorp stock opened at $21.79 on Thursday. The company has a market cap of $378.06 million, a P/E ratio of 8.29 and a beta of 0.38. The business has a 50-day moving average price of $22.63 and a two-hundred day moving average price of $23.04. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59. Five Star Bancorp has a 1-year low of $17.74 and a 1-year high of $28.25.

Five Star Bancorp Announces Dividend

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

Insider Transactions at Five Star Bancorp

In related news, Director Robert Truxtun Perry-Smith acquired 80,460 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were bought at an average price of $21.75 per share, with a total value of $1,750,005.00. Following the transaction, the director now directly owns 227,638 shares of the company’s stock, valued at $4,951,126.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 25.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. DA Davidson restated a “buy” rating and issued a $29.00 price objective on shares of Five Star Bancorp in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $27.00 price target on shares of Five Star Bancorp in a report on Monday, April 1st.

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.