Five Star Bancorp’s (FSBC) Overweight Rating Reiterated at Stephens

Five Star Bancorp (NASDAQ:FSBC)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $37.00 price target on the stock. Stephens’ price target would suggest a potential upside of 20.36% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Raymond James began coverage on Five Star Bancorp in a research note on Thursday, December 19th. They set an “outperform” rating and a $38.00 price target for the company. Keefe, Bruyette & Woods boosted their target price on 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.

Five Star Bancorp Trading Up 0.8 %

NASDAQ:FSBC traded up $0.24 during trading hours on Tuesday, hitting $30.74. 12,658 shares of the company were exchanged, compared to its average volume of 37,888. The company has a fifty day simple moving average of $31.31 and a 200 day simple moving average of $30.03. Five Star Bancorp has a one year low of $21.10 and a one year high of $35.13. The stock has a market capitalization of $655.38 million, a price-to-earnings ratio of 13.48 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. Equities research analysts predict that Five Star Bancorp will post 2.19 earnings per share for the current fiscal year.

Insider Transactions at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,500 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total value of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Five Star Bancorp by 7.2% in the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after acquiring an additional 25,374 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Five Star Bancorp by 201.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after acquiring an additional 89,834 shares in the last quarter. Barclays PLC grew its position in Five Star Bancorp by 332.1% in the third quarter. Barclays PLC now owns 25,112 shares of the company’s stock worth $746,000 after acquiring an additional 19,301 shares in the last quarter. State Street Corp grew its position in Five Star Bancorp by 21.7% in the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after acquiring an additional 66,602 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Five Star Bancorp by 81.5% in the third quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock worth $698,000 after acquiring an additional 10,547 shares in the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

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.