DA Davidson Forecasts Weaker Earnings for Five Star Bancorp

Five Star Bancorp (NASDAQ:FSBC) – Equities researchers at DA Davidson dropped their FY2025 EPS estimates for shares of Five Star Bancorp in a note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the company will post earnings of $2.62 per share for the year, down from their previous forecast of $2.63. DA Davidson has a “Buy” rating and a $38.50 price target on the stock. The consensus estimate for Five Star Bancorp’s current full-year earnings is $2.63 per share.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%.

Other analysts have also issued research reports about the stock. Raymond James restated an “outperform” rating and issued a $35.00 price target (down previously from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th. Stephens reissued an “overweight” rating and issued a $37.00 target price on shares of Five Star Bancorp in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th.

Five Star Bancorp Stock Down 2.8 %

FSBC stock opened at $25.27 on Friday. The stock’s 50 day moving average is $29.57 and its two-hundred day moving average is $30.43. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13. The company has a market capitalization of $538.98 million, a PE ratio of 11.08 and a beta of 0.52.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.20 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.17%. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

Insider Transactions at Five Star Bancorp

In other news, CEO James Eugene Beckwith sold 4,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $30.25, for a total transaction of $121,000.00. Following the completion of the transaction, the chief executive officer now owns 476,381 shares in the company, valued at approximately $14,410,525.25. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna Lucas acquired 2,650 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the acquisition, the director now owns 12,076 shares in the company, valued at approximately $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FSBC. BNP Paribas Financial Markets bought a new position in Five Star Bancorp in the 4th quarter worth approximately $60,000. Public Employees Retirement System of Ohio boosted its position in Five Star Bancorp by 91.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company’s stock worth $90,000 after acquiring an additional 1,427 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Five Star Bancorp in the fourth quarter worth $108,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Five Star Bancorp during the third quarter valued at $109,000. Finally, Intech Investment Management LLC bought a new stake in shares of Five Star Bancorp during the fourth quarter valued at about $217,000. Institutional investors own 46.94% of the company’s 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.