Five Star Bancorp Forecasted to Post Q2 2024 Earnings of $0.50 Per Share (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBC) – Analysts at DA Davidson issued their Q2 2024 earnings per share estimates for Five Star Bancorp in a note issued to investors on Wednesday, May 1st. DA Davidson analyst G. Tenner forecasts that the company will post earnings per share of $0.50 for the quarter. DA Davidson currently has a “Buy” rating and a $29.00 price target on the stock. The consensus estimate for Five Star Bancorp’s current full-year earnings is $2.11 per share. DA Davidson also issued estimates for Five Star Bancorp’s FY2024 earnings at $2.11 EPS and FY2025 earnings at $2.42 EPS.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $49.37 million during the quarter. Five Star Bancorp had a return on equity of 16.36% and a net margin of 23.84%. During the same quarter in the previous year, the company posted $0.77 EPS.

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $27.00 target price on shares of Five Star Bancorp in a report on Monday, April 1st.

Five Star Bancorp Trading Down 0.2 %

NASDAQ:FSBC opened at $22.13 on Thursday. The stock has a fifty day moving average price of $22.60 and a two-hundred day moving average price of $23.02. The stock has a market capitalization of $383.96 million, a price-to-earnings ratio of 8.41 and a beta of 0.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.09. Five Star Bancorp has a 1 year low of $17.74 and a 1 year high of $28.25.

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in Five Star Bancorp in the fourth quarter valued at about $56,000. New York State Common Retirement Fund raised its stake in shares of Five Star Bancorp by 103.1% during the third quarter. New York State Common Retirement Fund now owns 6,702 shares of the company’s stock valued at $134,000 after purchasing an additional 3,402 shares during the period. SG Americas Securities LLC bought a new stake in shares of Five Star Bancorp in the fourth quarter worth $144,000. EPIQ Capital Group LLC bought a new stake in shares of Five Star Bancorp in the third quarter worth $297,000. Finally, Cox Capital Mgt LLC increased its stake in shares of Five Star Bancorp by 2.8% in the first quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock worth $1,787,000 after buying an additional 2,150 shares during the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert Truxtun Perry-Smith bought 80,460 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of $21.75 per share, with a total value of $1,750,005.00. Following the transaction, the director now owns 227,638 shares of the company’s stock, valued at approximately $4,951,126.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 25.57% of the company’s stock.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.80 annualized dividend and a yield of 3.62%. Five Star Bancorp’s payout ratio is currently 30.42%.

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.