Five Star Bancorp (NASDAQ:FSBC) Declares $0.20 Quarterly Dividend

Five Star Bancorp (NASDAQ:FSBC) has announced a quarterly dividend of $0.20 per share, which will be payable to investors who are on record as of November 4th. This dividend will be distributed on November 12th. On an annual basis, this amounts to a total dividend of $0.80 per share and represents a dividend yield of 2.65%. The ex-dividend date for this payment is also set for November 4th.

Additionally, the company's current dividend payout ratio stands at 32.3%. This implies that the earnings generated by Five Star Bancorp sufficiently cover the dividend. Analysts project that the company will earn $2.40 per share over the next year. This forecast indicates that the company will maintain its ability to pay the $0.80 dividend, with an expected future payout ratio of 33.3%.

Market Performance of Five Star Bancorp

The stock of Five Star Bancorp opened at $30.19 on the previous Friday. It currently boasts a market capitalization of around $643.65 million, coupled with a price-to-earnings ratio of 13.24 and a beta of 0.42. Over the past year, the company's stock has varied significantly, recording a low of $19.25 and a high of $31.88. Presently, the moving averages stand at $29.55 for the past 50 days and $26.22 for the past 200 days.

In terms of its earnings performance, Five Star Bancorp recently released earnings results on October 28th, reporting earnings of $0.52 per share for the quarter. This figure fell slightly short of the consensus estimate of $0.54 per share, indicating a variance of $0.02. The company exhibited a net margin of 21.35% and a return on equity of 13.50%. The total revenue recorded for the quarter was $54.05 million. Comparatively, during the same quarter in the prior year, the earnings per share stood at $0.64. Looking ahead, analysts estimate an average of $2.17 in earnings per share for the ongoing fiscal year.

Analyst Recommendations

Recent analysis from various equities analysts indicates differing perspectives on Five Star Bancorp. For instance, Keefe, Bruyette & Woods revised their price target for the stock from $27.00 to $31.00 and assigned it a "market perform" rating in a report dated July 26th. Similarly, Stephens raised their price target from $29.00 to $32.00, designating the stock as "overweight". DA Davidson also adjusted their price objective upward from $27.00 to $34.00 while issuing a "buy" rating for the company.

Insider Trading Activity

In other news regarding Five Star Bancorp, Michael Eugene Lee, the Senior Vice President, sold a total of 1,500 shares on October 31st, at an average price of $30.67. This transaction was valued at $46,005. Following this sale, Lee retains ownership of 36,765 shares in the company, which is valued at approximately $1,127,582.55. Insider ownership currently accounts for about 25.57% of the company's stock.

Company Overview

Five Star Bancorp functions as the bank holding company for Five Star Bank, which provides a diverse array of banking services to small and medium enterprises, professionals, and individual customers primarily in Northern California. Their offerings include various types of deposits such as money market accounts, both non-interest-bearing and interest-bearing checking accounts, savings accounts, term certificates, and time deposits.

Dividends, Stocks, Earnings