Stephens Reiterates Overweight Rating for Five Star Bancorp (NASDAQ:FSBC)

Five Star Bancorp (NASDAQ:FSBCGet Free Report)‘s stock had its “overweight” rating restated by equities researchers at Stephens in a report issued on Tuesday,Benzinga reports. They currently have a $37.00 price objective on the stock. Stephens’ price target would suggest a potential upside of 19.78% from the stock’s previous close.

Several other brokerages have also recently commented on FSBC. Keefe, Bruyette & Woods upped their target price on shares of Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Raymond James began coverage on Five Star Bancorp in a research note on Thursday, December 19th. They set an “outperform” rating and a $38.00 price objective for the company.

Check Out Our Latest Research Report on FSBC

Five Star Bancorp Stock Up 0.6 %

Shares of FSBC opened at $30.89 on Tuesday. The stock’s fifty day simple moving average is $31.25 and its 200-day simple moving average is $30.08. The firm has a market capitalization of $658.54 million, a PE ratio of 13.55 and a beta of 0.48. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13.

Five Star Bancorp (NASDAQ:FSBCGet Free Report) last issued its earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. Analysts anticipate that Five Star Bancorp will post 2.19 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in shares of Five Star Bancorp by 18.7% during the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock worth $218,000 after purchasing an additional 1,143 shares during the period. JPMorgan Chase & Co. raised its holdings in Five Star Bancorp by 81.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock worth $698,000 after buying an additional 10,547 shares during the period. Barclays PLC lifted its stake in Five Star Bancorp by 332.1% in the third quarter. Barclays PLC now owns 25,112 shares of the company’s stock valued at $746,000 after buying an additional 19,301 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Five Star Bancorp by 7.2% in the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after buying an additional 25,374 shares during the period. Finally, State Street Corp increased its position in shares of Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after acquiring an additional 66,602 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors.

Five Star Bancorp Company Profile

(Get Free Report)

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.

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