Five Star Bancorp (NASDAQ:FSBC) Given New $35.00 Price Target at Keefe, Bruyette & Woods

Five Star Bancorp (NASDAQ:FSBC) had its target price reduced by investment analysts at Keefe, Bruyette & Woods from $37.00 to $35.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 12.81% from the company’s previous close.

Other equities analysts have also issued reports about the company. Stephens restated an “overweight” rating and issued a $37.00 target price on shares of Five Star Bancorp in a research note on Tuesday. Raymond James restated an “outperform” rating and issued a $35.00 target price (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $31.03 on Thursday. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13. The firm has a market cap of $661.45 million, a price-to-earnings ratio of 13.57 and a beta of 0.48. The business’s fifty day moving average is $31.25 and its 200 day moving average is $30.08.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. Equities analysts predict that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors have recently bought and sold shares of FSBC. Dimensional Fund Advisors LP boosted 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 valued at $3,797,000 after acquiring an additional 39,256 shares during the period. Renaissance Technologies LLC lifted its holdings in Five Star Bancorp by 128.7% in the 2nd quarter. Renaissance Technologies LLC now owns 41,400 shares of the company’s stock worth $979,000 after buying an additional 23,300 shares during the period. SG Americas Securities LLC purchased a new stake in Five Star Bancorp in the 3rd quarter worth approximately $182,000. Inspire Investing LLC purchased a new stake in Five Star Bancorp in the 3rd quarter worth approximately $414,000. Finally, Brighton Jones LLC raised its position in shares of Five Star Bancorp by 0.3% in the 3rd quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock worth $4,202,000 after acquiring an additional 401 shares in the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

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.