Five Star Bancorp downgraded to Equal Weight from Overweight at Stephens

Stephens downgraded Five Star Bancorp (FSBC) to Equal Weight from Overweight with a $37 price target Following what the firm calls a “strong”Q3, it thinks the business model remains intact with go-forward growth prospects “arguably continuing to get better.” However, its downgrade is reflective “more of what we view as a pretty fair current relative valuation,” telling investors it would prefer to become more constructive on shares again at a better entry point.