Five Star Bancorp (NASDAQ:FSBC) Short Interest Down 13.2% in March

Five Star Bancorp (NASDAQ:FSBC) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 330,411 shares, a decrease of 13.2% from the February 26th total of 380,490 shares. Based on an average daily volume of 87,918 shares, the short-interest ratio is presently 3.8 days. Currently, 2.1% of the shares of the stock are sold short.

Five Star Bancorp Price Performance

Shares of FSBC opened at $37.72 on Wednesday. The company has a market capitalization of $806.45 million, a P/E ratio of 13.01 and a beta of 0.52. Five Star Bancorp has a one year low of $22.22 and a one year high of $42.26. The business’s 50 day simple moving average is $38.88 and its 200-day simple moving average is $36.23.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Monday, January 26th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.49% and a net margin of 24.11%.The firm had revenue of $40.67 million during the quarter, compared to analysts’ expectations of $42.58 million. On average, sell-side analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 2nd. Five Star Bancorp’s dividend payout ratio is 34.48%.

Insider Transactions at Five Star Bancorp

In other news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $36.66, for a total value of $146,640.00. Following the completion of the transaction, the chief executive officer directly owned 473,014 shares of the company’s stock, valued at approximately $17,340,693.24. This represents a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael Eugene Lee sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $39.30, for a total value of $47,160.00. Following the transaction, the senior vice president owned 35,272 shares of the company’s stock, valued at $1,386,189.60. This trade represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. 25.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Five Star Bancorp by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after acquiring an additional 390 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Five Star Bancorp in the first quarter worth about $889,000. Creative Planning acquired a new position in shares of Five Star Bancorp during the second quarter worth approximately $499,000. American Century Companies Inc. lifted its position in shares of Five Star Bancorp by 9.9% during the second quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock worth $9,492,000 after purchasing an additional 29,943 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Five Star Bancorp by 71.0% during the second quarter. XTX Topco Ltd now owns 16,145 shares of the company’s stock valued at $461,000 after purchasing an additional 6,701 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. DA Davidson upped their price target on Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods boosted their target price on shares of Five Star Bancorp from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.