Five Star Bancorp (FSBC) Scheduled to Post Quarterly Earnings on Monday

Five Star Bancorp (NASDAQ:FSBC) is set to announce its quarterly earnings on Monday, October 28th, after the market closes. Analysts predict that the company will report earnings of $0.54 per share for the quarter. Interested parties can join the upcoming conference call through a provided link.

The last earnings report from Five Star Bancorp was released on July 24th, where the company revealed earnings of $0.51 per share. For that same quarter, their revenue registered at $30.67 million. Five Star Bancorp boasts a return on equity of 14.03% and a net margin of 22.24%. On average, analysts forecast Five Star Bancorp will achieve $2 in earnings per share for both the current and next fiscal years.

Recent Trading Activity of Five Star Bancorp

On the trading front, shares of FSBC opened at $29.71 on Friday, with a 50-day moving average price of $29.35 and a 200-day moving average price of $25.91. The company’s market capitalization stands at $633.42 million, featuring a price-to-earnings ratio of 11.30 and a beta of 0.42. Furthermore, Five Star Bancorp's stock has seen a range of prices within the last year, hitting a low of $18.59 and a high of $31.79.

Dividend Announcement for Shareholders

Recently, Five Star Bancorp declared a quarterly dividend which is scheduled to be paid on November 12th. Shareholders on record as of November 4th will receive a $0.20 dividend. The ex-dividend date is also set for November 4th. This results in a total annualized dividend of $0.80, offering a yield of 2.69%. Currently, the company has a dividend payout ratio of 30.42%.

Wall Street Analysts Express Optimism

Several analysts have recently evaluated FSBC. Stephens increased their price target for Five Star Bancorp from $29.00 to $32.00 and assigned the stock an “overweight” rating as of July 26th. Similarly, Keefe, Bruyette & Woods raised their target from $27.00 to $31.00 with a “market perform” rating. DA Davidson also revised their price target, moving it from $27.00 to $34.00 while giving the stock a “buy” rating.

Insider Activity at Five Star Bancorp

In related news, SVP Michael Eugene Lee recently sold 3,000 shares of Five Star Bancorp stock on July 29th at an average price of $29.09, totaling $87,270. Following this transaction, the senior vice president holds 38,265 shares valued at approximately $1,113,128.85. This sale represented no change in his overall position. Over the past 90 days, insiders have sold a total of 4,000 shares valued at $116,340, with corporate insiders owning about 25.57% of the company's stock.

About Five Star Bancorp

Five Star Bancorp serves as the bank holding company for Five Star Bank, offering a variety of banking services and products aimed at small and medium-sized businesses, professionals, and individuals in Northern California. Their offerings include different types of deposit accounts, such as money market, savings, and checking accounts.

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