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Lucas Donna, a director at Five Star Bancorp (NASDAQ:FSBC), a $600 million market cap regional bank trading at a P/E ratio of 12.4 and offering a 2.86% dividend yield, recently purchased 2,650 shares of the company’s common stock. According to InvestingPro analysis, the stock is currently trading below its Fair Value. According to a regulatory filing, the shares were acquired at a price of $28.43 each, amounting to a total transaction value of $75,339. Following this acquisition, Lucas holds a total of 12,076 shares, including 1,165 unvested shares from the company’s 2021 Equity Incentive Plan. These shares are held in the Lucas Family Trust, where Lucas serves as trustee. InvestingPro data reveals the stock is currently in oversold territory, with additional analysis showing high shareholder yield. For deeper insights and more exclusive tips about FSBC, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Five Star Bancorp reported stronger-than-expected earnings for the fourth quarter of 2024, with an earnings per share (EPS) of $0.63, surpassing the forecasted $0.57. Revenue also exceeded expectations, reaching $35.16 million compared to the anticipated $34.22 million. Despite these positive results, analysts at Stephens and Raymond (NSE:RYMD) James revised their price targets for the company, with Stephens adjusting it to $36 and Raymond James to $35, while both maintained positive ratings on the stock. The bank’s strategic expansion into the San Francisco Bay Area has contributed to significant deposit growth and new loan opportunities. Five Star Bancorp’s net income for the quarter was $13.3 million, with a return on average assets of 1.31% and a return on average equity of 13.48%. The company reported a notable increase in loans held for investment, with a 14.63% rise year-over-year. Looking ahead, analysts project around 8% growth in loans and deposits for 2025, with expectations of slight margin expansion. The bank’s management remains focused on strategic investments in technology and market expansion to drive future growth.
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