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FSBCFive Star BancorpHold6.4·$47.49-2.96%
HoldModerate Confidence
Investment thesis

Five Star Bancorp combines a perfect earnings beat streak, strong growth, and best-in-class margins with a stock that has already reached its price target and recent insider selling.

Thesis pillars

  • Perfect Earnings Beat StreakStable
  • Strong Growth Best In Class MarginsStable
  • Target Reached Negative AsymmetryStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

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Five Star Bancorp (FSBC) Stock Analysis

Catalyst-Driven edge

HoldVALUE-TRAP 1/5GrowthQualityModerate Confidence

Financial Services · Banks - Regional

Hold if already holding. Not a fresh buy at $47.49, but acceptable to hold if already in. Reasons: Concentration risk — Loan Portfolio: commercial real estate loans (81.1%); Concentration risk — Loan Portfolio: real estate related loans (86.1%).

Five Star Bancorp is a bank holding company for Five Star Bank, a California state-chartered bank serving small and medium-sized businesses, professionals, and individuals primarily in the Greater Sacramento Area through nine branches plus a new Walnut Creek branch opened in... Read more

$47.49+3.2% A.UpsideScore 6.4/10#38 of 223 Banks - Regional
QualityF-score8 / 9FCF yield
IncomeYield2.06%Payout26.98%sustainable
Stop $44.59Target $49.01(resistance)A.R:R -1.6:1
Analyst target$46.00-3.1%5 analysts
$49.01our TP
$47.49price
$46.00mean
$43
$53

Hold if already holding. Not a fresh buy at $47.49, but acceptable to hold if already in. Reasons: Concentration risk — Loan Portfolio: commercial real estate loans (81.1%); Concentration risk — Loan Portfolio: real estate related loans (86.1%). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 6.4/10, moderate confidence.

Passes 6/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.

10-K grounded · weekly refresh

About Five Star Bancorp

About Five Star Bancorp

Five Star Bancorp held $4.8 billion in total assets, $4.1 billion in total loans, and $4.2 billion in total deposits as of December 31, 2025, operating nine branches concentrated in the Greater Sacramento Area of Northern California plus a new Walnut Creek location opened in September 2025 as part of its Bay Area expansion. Commercial real estate loans made up 81.08% of total loans before deferred fees, and the bank ranked sixth by deposit market share in the Sacramento-Roseville-Folsom metropolitan area as of June 30, 2025.

Five Star Bank's loan book is anchored in commercial real estate ($3.3 billion, 81.08% of total loans), complemented by smaller books of commercial and industrial loans ($292.2 million, 7.16%), consumer and other loans ($275.5 million, 6.77%, largely purchased through a non-bank lender program), farmland loans ($59.6 million), and SBA 7(a) loans ($34.3 million), where the government guarantees 75% to 90% of principal and the bank typically sells the guaranteed portion in the secondary market. Deposits fund 97.49% of total liabilities, and the bank's 53 largest deposit relationships -- each exceeding $10.0 million -- totaled $2.0 billion, or 47.82% of total deposits, including $789.6 million held by municipalities that the bank reviews monthly. The bank maintains lines of credit with correspondent banks to mitigate the risk of large withdrawals from this concentrated depositor base.

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Real estate collateral dominates Five Star's balance sheet more broadly than the CRE figure alone suggests: real estate-related loans of all types represented 86.07% of total loans before deferred fees at December 31, 2025, with 56.89% of real estate loans secured by California collateral, most of it in Northern California. The bank says this concentration carries no more than normal collectability risk today, but a downturn in the Sacramento-area economy or in California real estate values specifically -- rather than a national downturn -- is the scenario most likely to move its credit losses.

See also: Financial Services · Banks - Regional

From Five Star Bancorp's most recent 10-K filing, extracted July 6, 2026.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Mon, Jul 20, 202613d to earnings· next earnings call

Thesis

Rewards
Strong earnings beat streak (4/4)
Attractive valuation
Strong growth profile
Risks
Concentration risk — Loan Portfolio: commercial real estate loans (81.1%)
Concentration risk — Loan Portfolio: real estate related loans (86.1%)
Analyst target reached - limited upside remaining

Key Metrics

P/E (TTM)15.5
P/E (Fwd)12.4
Mkt Cap$1.0B
EV/EBITDA
Profit Mgn42.6%
ROE15.5%
Rev Growth26.9%
Beta0.51
Dividend2.06%
Rating analysts11

Quality Signals

Piotroski F8/9MoatNarrow

Options Flow

IV76%elevated

Concentration Risks(10-K Item 1A)

  • HIGHloan_portfoliocommercial real estate loans81%
    10-K Item 1: 'As of December 31, 2025, we had $3.3 billion in total commercial real estate loans, representing 81.08% of total loans before deferred fees'
  • HIGHloan_portfolioreal estate related loans86%
    10-K Item 1: 'we have a high concentration of real estate related loans, which represented approximately 86.07% of total loans before deferred fees at December 31, 2025'
  • HIGHGeographicCalifornia57%
    10-K Item 1: 'approximately 56.89% of our real estate loans measured by dollar amount were secured by collateral located in California, a majority of which is in Northern California'
  • MEDIUMloan_portfoliotop 53 deposit relationships48%
    10-K Item 1: 'our 53 largest deposit relationships, each accounting for more than $10.0 million, totaled $2.0 billion, or 47.82% of our total deposits'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 ceiling hit

GatesA.R:R -1.6=NEGATIVEMomentum 4.7<5.5 (soft — BUY_NOW allowed but watch)EARNINGS PROXIMITY 13d<=14d (soft)Momentum 4.7>=4.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
70 · Overbought
20D MA 50D MA 200D MAGOLDEN CROSSSupport $42.74Resistance $50.01

Price Targets

$45
$49
A.Upside+3.2%
A.R:R-1.6:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-15.7% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
B
4/4 beats
Next Earnings2026-07-20 (13d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is FSBC stock a buy right now?

Hold if already holding. Not a fresh buy at $47.49, but acceptable to hold if already in. Reasons: Concentration risk — Loan Portfolio: commercial real estate loans (81.1%); Concentration risk — Loan Portfolio: real estate related loans (86.1%). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Target $49.01 (+3.2%), stop $44.59 (−6.5%), A.R:R -1.6:1. Score 6.4/10, moderate confidence.

What is the FSBC stock price target?

Take-profit target: $49.01 (+3.2% upside). Target $49.01 (+3.2%), stop $44.59 (−6.5%), A.R:R -1.6:1. Stop-loss: $44.59.

What are the risks of investing in FSBC?

Concentration risk — Loan Portfolio: commercial real estate loans (81.1%); Concentration risk — Loan Portfolio: real estate related loans (86.1%); Analyst target reached - limited upside remaining.

Is FSBC overvalued or undervalued?

Five Star Bancorp trades at a P/E of 15.5 (forward 12.4). TrendMatrix value score: 7.1/10. Verdict: Hold.

What do analysts say about FSBC?

11 analysts cover FSBC with a consensus score of 3.9/5. Average price target: $46.

What does Five Star Bancorp do?Five Star Bancorp is a bank holding company for Five Star Bank, a California state-chartered bank serving small and...

Five Star Bancorp is a bank holding company for Five Star Bank, a California state-chartered bank serving small and medium-sized businesses, professionals, and individuals primarily in the Greater Sacramento Area through nine branches plus a new Walnut Creek branch opened in September 2025. The bank held $4.8 billion in total assets, $4.1 billion in total loans, and $4.2 billion in total deposits as of December 31, 2025, with commercial real estate loans comprising 81.08% of total loans before deferred fees.

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