Five Star Bancorp (NASDAQ:FSBC) Stock Price Breaks Below 50 Day Moving Average – Here’s What Happened

Five Star Bancorp (NASDAQ:FSBC) shares passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $44.28 and traded as low as $43.48. Five Star Bancorp shares last traded at $44.20, with a volume of 126,461 shares trading hands.

Analyst Upgrades and Downgrades

FSBC has been the topic of a number of analyst reports. Stephens cut their price objective on shares of Five Star Bancorp from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, November 2nd. DA Davidson reissued a “buy” rating and set a $55.00 target price on shares of Five Star Bancorp in a research report on Tuesday, October 27th. Weiss Ratings cut shares of Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 21st. Finally, Zacks Research upgraded shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $49.00.

Five Star Bancorp Stock Performance

The company has a 50 day moving average of $44.28 and a two-hundred day moving average of $42.99. The stock has a market capitalization of $1.08 billion, a PE ratio of 12.52 and a beta of 0.49.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. Five Star Bancorp had a return on equity of 16.89% and a net margin of 26.58%. The company had revenue of $52.62 million during the quarter, compared to analysts’ expectations of $51.31 million. As a group, research analysts predict that Five Star Bancorp will post 3.55 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 9th. Stockholders of record on Monday, November 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Five Star Bancorp’s payout ratio is presently 28.33%.

Insider Activity

In other news, EVP Lydia Ramirez-Medina sold 4,307 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $44.92, for a total transaction of $193,470.44. Following the transaction, the executive vice president owned 9,368 shares in the company, valued at $420,810.56. This represents a 31.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 21.79% of the stock is currently owned by company insiders.

Institutional Trading of Five Star Bancorp

A number of institutional investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in Five Star Bancorp during the 2nd quarter worth approximately $27,000. Globeflex Capital L P acquired a new position in Five Star Bancorp during the 2nd quarter valued at approximately $46,000. Nisa Investment Advisors LLC increased its stake in Five Star Bancorp by 96.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,462 shares of the company’s stock valued at $62,000 after purchasing an additional 716 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Five Star Bancorp in the second quarter worth $141,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Five Star Bancorp in the second quarter worth $201,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

About Five Star Bancorp

Five Star Bancorp is a bank holding company headquartered in Rancho Cordova, California. It operates through its subsidiary, Five Star Bank, which provides commercial and consumer banking services to businesses, organizations and individuals. The bank offers deposit accounts, business and personal lending, cash management and other banking services. Its lending activities include financing for commercial real estate and business needs, alongside services for professionals and nonprofit organizations.