Five Star Bancorp (NASDAQ:FSBC) Declares $0.20 Quarterly Dividend

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.20 per share on Tuesday, November 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, November 4th.

Five Star Bancorp has a payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Five Star Bancorp to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 32.8%.

Five Star Bancorp Trading Up 0.4 %

FSBC stock opened at $30.19 on Friday. The company’s 50 day moving average is $29.55 and its two-hundred day moving average is $26.25. Five Star Bancorp has a twelve month low of $19.25 and a twelve month high of $31.88. The stock has a market cap of $643.65 million, a P/E ratio of 13.24 and a beta of 0.41.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, October 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $54.05 million during the quarter. During the same period in the previous year, the company earned $0.64 EPS. On average, equities research analysts predict that Five Star Bancorp will post 2.17 earnings per share for the current year.

Insider Transactions at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,500 shares of Five Star Bancorp stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total value of $46,005.00. Following the transaction, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 25.57% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. DA Davidson increased their price target on shares of Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Stephens lifted their price objective on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th.

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.