Five Star Bancorp (NASDAQ:FSBC) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Five Star Bancorp (NASDAQ:FSBC) released its earnings results on Monday. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04, Zacks reports. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%.

Five Star Bancorp Stock Up 2.1 %

Five Star Bancorp stock traded up $0.64 during trading on Monday, reaching $30.50. The stock had a trading volume of 77,131 shares, compared to its average volume of 39,808. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13. The business has a 50 day moving average price of $31.34 and a 200 day moving average price of $29.99. The stock has a market cap of $650.26 million, a PE ratio of 13.38 and a beta of 0.48.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.80 annualized dividend and a yield of 2.62%. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Raymond James initiated coverage on shares of Five Star Bancorp in a research report on Thursday, December 19th. They issued an “outperform” rating and a $38.00 price target for the company.

Insider Activity

In other news, SVP Michael Eugene Lee sold 1,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,127,582.55. This represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 25.57% of the company’s stock.

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.