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

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Monday, April 21st, RTT News reports. Investors of record on Monday, May 5th will be paid a dividend of 0.20 per share on Monday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 3.07%.

Five Star Bancorp has increased its dividend payment by an average of 38.7% per year over the last three years. Five Star Bancorp has a payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Five Star Bancorp to earn $3.11 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 25.7%.

Five Star Bancorp Stock Performance

Five Star Bancorp stock traded down $0.36 during midday trading on Monday, hitting $26.05. 22,012 shares of the company were exchanged, compared to its average volume of 54,881. Five Star Bancorp has a fifty-two week low of $21.37 and a fifty-two week high of $35.13. The firm has a market capitalization of $555.62 million, a PE ratio of 11.43 and a beta of 0.52. The business has a fifty day simple moving average of $28.43 and a two-hundred day simple moving average of $30.14.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. As a group, equities analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $30.25, for a total transaction of $121,000.00. Following the completion of the sale, the chief executive officer now owns 476,381 shares in the company, valued at $14,410,525.25. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna Lucas purchased 2,650 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the transaction, the director now directly owns 12,076 shares in the company, valued at $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 25.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $38.50 price target on shares of Five Star Bancorp in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their price objective on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Raymond James reissued an “outperform” rating and set a $35.00 target price (down previously from $38.00) on shares of Five Star Bancorp in a report on Wednesday, January 29th. Finally, Stephens reissued an “overweight” rating and issued a $37.00 price objective on shares of Five Star Bancorp in a research note on Tuesday, January 28th.

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.