Five Star Bancorp (NASDAQ:FSBC) Announces Quarterly Earnings Results

Five Star Bancorp (NASDAQ:FSBC) announced its quarterly earnings results on Monday. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02), Zacks reports. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. During the same quarter last year, the business posted $0.64 earnings per share.

Five Star Bancorp Trading Up 2.6 %

NASDAQ:FSBC opened at $30.49 on Tuesday. The company has a 50-day moving average of $29.39 and a 200-day moving average of $26.03. The firm has a market cap of $650.05 million, a price-to-earnings ratio of 11.59 and a beta of 0.42. Five Star Bancorp has a twelve month low of $18.84 and a twelve month high of $31.79.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be issued a $0.20 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.62%. Five Star Bancorp’s dividend payout ratio (DPR) is 30.42%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. DA Davidson lifted their target price on Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods upped 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. Finally, Stephens raised their target price 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.

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.