Five Star Bancorp reports results for the quarter ended in March - Earnings Summary

Five Star Bancorp

30/04/2024 03:44

* Five Star Bancorp  FSBC.OQ  reported quarterly adjusted
earnings
of 62 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 77 cents.  The mean expectation of three analysts for the
quarter was for earnings of 53 cents per share. Wall Street
expected results to range from 49 cents to 57 cents per share.
    * Revenue fell 8.2% to $26.74 million from a year ago;
analysts
expected $26.53 million. 
    * Five Star Bancorp's reported EPS for the quarter was 62
cents​.
    * The company reported quarterly net income of $10.63
million.
    * Five Star Bancorp shares had fallen by 3.3% this
quarter and
lost 16.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Five Star Bancorp
is $29.00 
This summary was machine generated from LSEG data April 30 at
02:44 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.53           0.62           Beat
 Dec. 31 2023      0.59           0.63           Beat
 Sep. 30 2023      0.60           0.64           Beat
 Jun. 30 2023      0.66           0.74           Beat