FY2024 EPS Estimate for Five Star Bancorp Raised by Analyst

Five Star Bancorp (NASDAQ:FSBC) – Equities research analysts at DA Davidson upped their FY2024 earnings estimates for shares of Five Star Bancorp in a report issued on Wednesday, October 30th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $2.23 per share for the year, up from their previous estimate of $2.21. DA Davidson currently has a “Buy” rating and a $34.00 target price on the stock. The consensus estimate for Five Star Bancorp’s current full-year earnings is $2.16 per share. DA Davidson also issued estimates for Five Star Bancorp’s Q4 2024 earnings at $0.60 EPS.

A number of other equities research analysts have also recently issued reports on the company. Stephens raised their target price on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods increased their price objective on shares of Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, July 26th.

Five Star Bancorp Trading Down 3.8 %

Shares of NASDAQ FSBC opened at $30.08 on Thursday. Five Star Bancorp has a 12-month low of $19.00 and a 12-month high of $31.88. The company has a market cap of $641.31 million, a price-to-earnings ratio of 11.44 and a beta of 0.42. The stock’s 50 day simple moving average is $29.54 and its 200 day simple moving average is $26.16.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). The company had revenue of $54.05 million during the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. During the same period in the prior year, the firm posted $0.64 EPS.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Monday, November 4th. Five Star Bancorp’s payout ratio is currently 30.42%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Five Star Bancorp by 31.9% during the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock valued at $16,064,000 after purchasing an additional 172,507 shares during the period. Kennedy Capital Management LLC increased its stake in Five Star Bancorp by 364.2% during the 1st quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock valued at $4,285,000 after buying an additional 149,424 shares during the period. Stieven Capital Advisors L.P. acquired a new position in Five Star Bancorp during the 1st quarter valued at about $3,150,000. Pacific Ridge Capital Partners LLC raised its position in shares of Five Star Bancorp by 42.3% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 310,479 shares of the company’s stock worth $6,986,000 after buying an additional 92,260 shares in the last quarter. Finally, EJF Capital LLC acquired a new stake in shares of Five Star Bancorp in the 1st quarter worth approximately $1,688,000. Institutional investors and hedge funds own 46.94% 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.