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

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Friday, January 17th,RTT News reports. Stockholders of record on Monday, February 3rd will be given a dividend of 0.20 per share on Monday, February 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.64%.

Five Star Bancorp has increased its dividend payment by an average of 38.7% annually over the last three years. Five Star Bancorp has a payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Five Star Bancorp to earn $2.62 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 30.5%.

Five Star Bancorp Stock Performance

NASDAQ FSBC traded up $0.17 during trading on Friday, reaching $30.27. The company’s stock had a trading volume of 35,286 shares, compared to its average volume of 32,790. The business’s fifty day moving average price is $31.66 and its 200-day moving average price is $29.63. Five Star Bancorp has a twelve month low of $21.10 and a twelve month high of $35.13. The firm has a market cap of $645.36 million, a price-to-earnings ratio of 13.28 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). The firm had revenue of $54.05 million during the quarter. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. During the same quarter last year, the firm posted $0.64 earnings per share. As a group, sell-side analysts forecast that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp 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 sale, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 25.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FSBC. Keefe, Bruyette & Woods upped their price target on shares of Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Raymond James started coverage on Five Star Bancorp in a research note on Thursday, December 19th. They set an “outperform” rating and a $38.00 price target on the 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.