Five Star price target lowered to $31 from $35 at Raymond James

Raymond James lowered the firm’s price target on Five Star (FSBC) to $31 from $35 and keeps an Outperform rating on the shares, citing lower industry valuations. Five Star reported “solid” quarterly results, with the bank’s organic growth engine accelerating, and its origination capacity suggests a stronger pace of growth than previously expected, the analyst tells investors in a research note. The firm sees a favorable risk/reward.