Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait Sells 1,640 Shares

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 1,640 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $42.27, for a total transaction of $69,322.80. Following the completion of the transaction, the senior vice president directly owned 16,873 shares in the company, valued at approximately $713,221.71. The trade was a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brett Levi Wait also recently made the following trade(s):

• On Thursday, May 14th, Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock. The stock was sold at an average price of $41.11, for a total transaction of $106,187.13.

Five Star Bancorp Stock Performance

FSBC stock opened at $42.20 on Thursday. Five Star Bancorp has a one year low of $26.20 and a one year high of $42.74. The company’s fifty day moving average price is $39.85 and its 200-day moving average price is $38.22. The company has a market capitalization of $902.24 million, a PE ratio of 13.40 and a beta of 0.54.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. The firm had revenue of $43.47 million for the quarter. On average, research analysts predict that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, May 4th. Five Star Bancorp’s payout ratio is 31.75%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stephens boosted their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. DA Davidson upped their price target on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in shares of Five Star Bancorp in the second quarter worth about $34,000. Quarry LP bought a new position in shares of Five Star Bancorp in the third quarter worth about $40,000. Raymond James Financial Inc. bought a new position in shares of Five Star Bancorp in the second quarter worth about $64,000. State of Alaska Department of Revenue grew its holdings in shares of Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after purchasing an additional 1,322 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Five Star Bancorp by 65.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after purchasing an additional 1,359 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

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.