Five Star Bancorp (FSBC) stock analysis
Close on Nov 11, 2026Market cap $1.09BP/E 12.6Yield 1.80%
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed13 of 30 checks passed
Five Star Bancorp passes 13 of the 30 checks behind our score; 5 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 3/6
- Past performance
- 4/6
- Financial health
- 3/6
- Dividend
- 3/6
What stands out
Earnings grew over 5 years
Net income grew 11.4% a year on average over the last five fiscal years.
Revenue growing 10%+ a year
Revenue grew 12.9% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 35.4% over the last twelve months, against a 5-year average of 11.4% a year.
Covered by free cash flow
Dividends take 24.0% of free cash flow.
What to watch
Margin of safety under 20%
The price is 12.2% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $44.42 is above our fair value estimate of $39.60.
Return on equity under 15%
Return on equity was 14.8% over the last twelve months and averaged 17.4% over five years; we look for 15% on both.
EPS growing under 10% a year
Diluted EPS grew 3.6% a year over the last three fiscal years.
Valuation0/6
P/E above its 5-year median
Five Star Bancorp's P/E of 12.6 is above its own 5-year median of 11.4.
P/E above the industry
Five Star Bancorp's P/E of 12.6 is above the Commercial Banks median of 12.1.
P/S above the industry
Five Star Bancorp's price-to-sales of 5.76 is above the Commercial Banks median of 3.60.
P/B above the industry
Five Star Bancorp's price-to-book of 1.77 is above the Commercial Banks median of 1.29.
Trading above fair value
The share price of $44.42 is above our fair value estimate of $39.60.
Margin of safety under 20%
The price is 12.2% above fair value, so there is no margin of safety.
Growth3/6
Revenue growing 10%+ a year
Revenue grew 12.9% a year over the last three fiscal years.
EPS growing under 10% a year
Diluted EPS grew 3.6% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 35.4% over the last twelve months, against a 5-year average of 11.4% a year.
Growing faster than the industry
Revenue grew 26.0% over the last twelve months; the Commercial Banks median is 11.3%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
Banks and insurers do not report gross profit.
Past performance4/6
Return on equity under 15%
Return on equity was 14.8% over the last twelve months and averaged 17.4% over five years; we look for 15% on both.
Return on assets over 1%
Return on assets was 1.5%; for a bank or insurer, 1% or more is considered good.
Return on equity above the industry
Five Star Bancorp's return on equity of 14.8% is above the Commercial Banks median of 11.5%.
Earnings grew over 5 years
Net income grew 11.4% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 41.0% over the last twelve months, against a 5-year average of 41.2%.
Net margin above the industry
Five Star Bancorp's net margin of 41.0% is above the Commercial Banks median of 30.3%.
Financial health3/6
Well capitalized
Equity is 11.1% of total assets; 8% or more is a comfortable cushion.
Loans funded by deposits
Needs loans and deposits.
Adequate loan-loss reserve
The allowance for credit losses is not reported.
Efficient operations
Non-interest expense takes 39.8% of revenue; under 60% is efficient for a bank.
Deposits growing
Deposits grew 17.6% over the past year.
Borrowings
Needs debt and equity figures.
Dividend3/6
Pays a dividend
Five Star Bancorp paid dividends worth 2.3% of the share price over the last twelve months.
Yield below Treasuries
The 2.3% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Five Star Bancorp yields 2.3%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 6 fiscal years.
Covered by earnings
Dividends take 27.2% of net income.
Covered by free cash flow
Dividends take 24.0% of free cash flow.
Fair value
How we estimate itOur estimate per share
$39.60
The share price is 12% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 11.7× | 11.4× | 12.1× | $41.42 | 50% |
| P/B | 1.5× | 1.7× | 1.3× | $37.77 | 50% |
| Fair value | $39.60 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 11.4
- Commercial Banks median 12.1
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $6.36M
- Value traded per 1% price move
- $7.36M
Downside
Low risk
- Typical loss in a bad month
- 9.4%
- Volatility (annualized)
- 22%
- Sharpe ratio, 1 year
- 1.10
- Beta to the S&P 500 (5Y)
- 0.81
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2019 to 2025
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +25.6% | +12.9% | +16.3% | – | |
| Net income | +34.9% | +11.2% | +11.4% | – | |
| EPS, diluted | +28.3% | +3.6% | -4.1% | – | |
| Free cash flow | +39.6% | +16.2% | +7.1% | – | |
| Dividend per share | 0.0% | -8.7% | -21.2% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 29.6% | 14.6% | |
| Return on assets | – | – | 1.4% | |
| Capex to revenue | – | 1.1% | 0.8% | |
| Diluted shares | – | 10M | 21M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Five Star Bancorp generated $237.94M from operations and spent $117.19M on capital expenditure, dividends and share buybacks. 3% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 38.9% | 0.04× | 10.46× | 14.6% |
| FY2024 | 36.2% | 0.03× | 11.21× | 13.4% |
| FY2023 | 40.3% | 0.03× | 12.66× | 17.7% |
| FY2022 | 40.6% | 0.04× | 11.86× | 18.4% |
| FY2021 | 50.0% | 0.04× | 12.23× | 23.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$61.61M
- Cash generatingOperating cash flow above zero$72.61M
- Return on assets improvedROA up on the prior year1.3% → 1.5%
- Earnings backed by cashOperating cash flow above net income$72.61M vs $61.61M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise20M → 21M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.04 → 0.04
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