DA Davidson Expects Higher Earnings for Five Star Bancorp

Five Star Bancorp (NASDAQ:FSBC) – Equities research analysts at DA Davidson upped their FY2024 earnings estimates for Five Star Bancorp in a report released on Wednesday, October 30th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.23 for the year, up from their previous estimate of $2.21. DA Davidson has a “Buy” rating and a $34.00 price target on the stock. The consensus estimate for Five Star Bancorp’s current full-year earnings is $2.16 per share. DA Davidson also issued estimates for Five Star Bancorp’s Q4 2024 earnings at $0.60 EPS.

Several other brokerages also recently commented on FSBC. Keefe, Bruyette & Woods raised their target price on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Stephens lifted their price objective on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th.

Five Star Bancorp Price Performance

NASDAQ:FSBC opened at $30.08 on Thursday. The business’s 50-day moving average is $29.54 and its two-hundred day moving average is $26.16. The firm has a market capitalization of $641.31 million, a PE ratio of 11.44 and a beta of 0.42. Five Star Bancorp has a 12 month low of $19.00 and a 12 month high of $31.88.

Five Star Bancorp (NASDAQ:FSBC) last posted 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). Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. The business had revenue of $54.05 million for the quarter. During the same quarter last year, the firm earned $0.64 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Davis Asset Management L.P. increased its holdings in Five Star Bancorp by 3.4% during the 2nd quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock worth $35,747,000 after purchasing an additional 50,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in Five Star Bancorp by 31.9% in the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock valued at $16,064,000 after acquiring an additional 172,507 shares in the last quarter. Pacific Ridge Capital Partners LLC raised 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 acquiring an additional 92,260 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in Five Star Bancorp by 364.2% during the 1st quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock valued at $4,285,000 after acquiring an additional 149,424 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Five Star Bancorp by 32.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after acquiring an additional 39,256 shares in the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, November 4th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, November 4th. Five Star Bancorp’s dividend payout ratio (DPR) is 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.