Five Star price target raised to $34 from $27 at DA Davidson

DA Davidson analyst Gary Tenner raised the firm’s price target on Five Star to $34 from $27 and keeps a Buy rating on the shares. The company reported a solid quarter in terms of loan and deposit trends, asset quality, and profitability, the analyst tells investors in a research note. Five Star’s top line revenue was stronger than expectations, driven by greater than expected net interest margin expansion, the firm added.