DA Davidson Expects Stronger Earnings for Five Star Bancorp

Five Star Bancorp (NASDAQ:FSBC) – Analysts at DA Davidson upped their FY2025 earnings estimates for shares of Five Star Bancorp in a report issued on Wednesday, October 30th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.58 for the year, up from their previous forecast of $2.50. DA Davidson has a “Buy” rating and a $34.00 price objective on the stock. The consensus estimate for Five Star Bancorp’s current full-year earnings is $2.17 per share.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). The firm had revenue of $54.05 million during the quarter. Five Star Bancorp had a return on equity of 13.50% and a net margin of 21.35%. During the same period in the prior year, the company earned $0.64 EPS.

FSBC has been the subject of a number of other research reports. Stephens raised their price target on shares of Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, July 26th.

Five Star Bancorp Price Performance

FSBC opened at $30.19 on Friday. The company has a market capitalization of $643.65 million, a P/E ratio of 13.24 and a beta of 0.42. The firm’s fifty day moving average price is $29.55 and its two-hundred day moving average price is $26.22. Five Star Bancorp has a fifty-two week low of $19.25 and a fifty-two week high of $31.88.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Davis Asset Management L.P. lifted its holdings in Five Star Bancorp by 3.4% in the second quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock valued at $35,747,000 after buying an additional 50,000 shares during the period. Vanguard Group Inc. grew its stake in shares of Five Star Bancorp by 31.9% during the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock worth $16,064,000 after purchasing an additional 172,507 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in Five Star Bancorp by 42.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 310,479 shares of the company’s stock valued at $6,986,000 after purchasing an additional 92,260 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Five Star Bancorp by 364.2% in the first quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock valued at $4,285,000 after buying an additional 149,424 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Five Star Bancorp by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after buying an additional 39,256 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

Insider Transactions at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 36,765 shares in the company, valued at $1,127,582.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 25.57% of the stock is owned by company insiders.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, November 4th. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

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.