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

Five Star Bancorp (NASDAQ:FSBC) has declared a quarterly dividend of $0.20 per share, as announced on October 17th. This dividend will be payable to shareholders on record as of November 4th, with the payment scheduled for November 12th. The $0.20 dividend translates to an annualized figure of $0.80, representing a yield of 2.65%. Investors should note that the ex-dividend date is also November 4th.

Five Star Bancorp maintains a dividend payout ratio of 32.3%, indicating that it can comfortably meet its dividend obligations with its earnings. Analysts project that the company will earn $2.40 per share in the next fiscal year, suggesting the anticipated payout ratio will be approximately 33.3%, allowing the company to sustain its annual dividend commitment.

Current Stock Performance of Five Star Bancorp

On the market as of Friday, the stock opened at $30.19 and has a total market capitalization of $643.65 million. The company holds a price-to-earnings ratio of 13.24 and a beta of 0.42, indicating lower volatility compared to the market. The stock has experienced fluctuations over the past year, with a low of $19.25 and a high of $31.88. Currently, it has a 50-day moving average of $29.55 and a 200-day moving average of $26.22.

Recently, Five Star Bancorp reported its quarterly earnings on October 28th, disclosing earnings of $0.52 per share, which fell short of the expected $0.54. The company recorded a net margin of 21.35% and a return on equity of 13.50%, with total revenues amounting to $54.05 million for the quarter. Last year in the same quarter, the earnings per share were reported at $0.64 and analysts currently estimate an average of $2.17 for the fiscal year.

Analyst Predictions and Ratings

In the analyst community, several ratings have emerged recently. Keefe, Bruyette & Woods raised their price target from $27.00 to $31.00, maintaining a "market perform" rating. Similarly, Stephens upgraded their target from $29.00 to $32.00 with an "overweight" rating. Additionally, DA Davidson increased their target from $27.00 to $34.00 while giving the firm a "buy" rating, showcasing a positive outlook among analysts.

Insider Trading Activity

In related news, on October 31st, senior vice president Michael Eugene Lee sold 1,500 shares at an average price of $30.67, totaling $46,005. This transaction decreased his shareholding to 36,765 shares, now valued at $1,127,582.55. Currently, corporate insiders hold about 25.57% of the shares of Five Star Bancorp.

Company Overview

Five Star Bancorp functions as the parent company for Five Star Bank, providing a variety of banking products and services tailored for small and medium-sized enterprises, professionals, and individuals throughout Northern California. Their offerings include numerous deposit accounts, such as money market accounts, savings accounts, and certificates of deposit.

dividend, stocks, earnings