Five Star Bancorp Declares $0.20 Quarterly Dividend

Five Star Bancorp (NASDAQ:FSBC) announced its latest quarterly dividend on Thursday, October 17th. Investors who are on record by Monday, November 4th, will receive a dividend of $0.20 per share, payable on Tuesday, November 12th. If calculated annually, this dividend amounts to $0.80, corresponding to a dividend yield of 2.65%. Notably, the ex-dividend date for this payment is also Monday, November 4th.

Five Star Bancorp maintains a dividend payout ratio of 32.3%, indicating that its dividend payments are well-supported by earnings. Analysts project the company will earn $2.40 per share in the upcoming fiscal year, suggesting that it will continue to manage its $0.80 annual dividend comfortably, with a future payout ratio estimated at 33.3%.

Recent Stock Performance

The stock for Five Star Bancorp (NASDAQ:FSBC) opened at $30.19 on Friday. With a market capitalization of approximately $643.65 million, the company exhibits a price-to-earnings ratio of 13.24 and a beta of 0.42. Over the past year, the stock has fluctuated, hitting a low of $19.25 and a high of $31.88. Currently, the 50-day moving average stands at $29.55 while the 200-day moving average is $26.22.

On Monday, October 28th, Five Star Bancorp released its quarterly earnings, reporting earnings per share (EPS) of $0.52, which fell short of the consensus estimate of $0.54 by $0.02. The company reported a net margin of 21.35% and a 13.50% return on equity, with quarterly revenue reaching $54.05 million. Comparing to the same quarter last year, EPS was $0.64. For the current fiscal year, analysts predict an average EPS of 2.17 for Five Star Bancorp.

Analyst Insights

Recent evaluations from several analysts reflect a positive outlook for Five Star Bancorp. Keefe, Bruyette & Woods raised their price target for the company from $27.00 to $31.00 with a "market perform" rating, while Stephens adjusted their target from $29.00 to $32.00, categorizing it as "overweight." Furthermore, DA Davidson increased their price objective from $27.00 to $34.00, giving the company a "buy" rating.

Insider Transactions

In other company news, Senior Vice President Michael Eugene Lee sold 1,500 shares of Five Star Bancorp on October 31st at an average price of $30.67, resulting in a transaction total of $46,005.00. After this sale, he continues to hold 36,765 shares, valued at about $1,127,582.55. This sale reflects a minor decline of 0.00% in his holding. It is important to note that 25.57% of the company’s stock is currently held by its corporate insiders.

Company Overview

Five Star Bancorp serves as the bank holding company for Five Star Bank, which provides an array of banking services to small and medium-sized businesses, professionals, and individuals primarily located in Northern California. Their offerings include various deposit accounts such as money market accounts, interest checking accounts, savings accounts, and term certificate accounts.

Conclusion

For investors keeping an eye on dividend yields and earnings performance, Five Star Bancorp illustrates a steady option worth monitoring, particularly with its recent quarterly announcement. As always, potential investors should conduct their due diligence before making investment decisions.

Dividend, Earnings, Investors