Five Star Bancorp’s (NASDAQ:FSBC) quiet period is set to expire on Monday, June 14th. Five Star Bancorp had issued 5,265,000 shares in its IPO on May 5th. The total size of the offering was $105,300,000 based on an initial share price of $20.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Several equities analysts have recently commented on FSBC shares. Keefe, Bruyette & Woods started coverage on Five Star Bancorp in a research note on Tuesday, June 1st. They issued a “market perform” rating and a $28.00 price target on the stock. DA Davidson started coverage on Five Star Bancorp in a research note on Tuesday, June 1st. They issued a “buy” rating and a $31.00 price target on the stock. Finally, Stephens started coverage on Five Star Bancorp in a research note on Tuesday, June 1st. They issued an “overweight” rating and a $29.00 price target on the stock.
FSBC opened at $26.48 on Friday. The business’s 50-day moving average price is $19.56. Five Star Bancorp has a 12-month low of $23.00 and a 12-month high of $27.16.
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. The company accepts various deposits, such as money market, noninterest-bearing and interest checking accounts, checking and savings accounts, and time deposits.
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