Five Star Bancorp (NASDAQ:FSBC) SVP Sells 1,200 Shares

Five Star Bancorp (NASDAQ:FSBC) SVP Michael Eugene Lee sold 1,200 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $39.30, for a total transaction of $47,160.00. Following the transaction, the senior vice president directly owned 35,272 shares in the company, valued at $1,386,189.60. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Five Star Bancorp Trading Down 3.1%

Five Star Bancorp stock traded down $1.28 during midday trading on Monday, reaching $39.48. The stock had a trading volume of 108,574 shares, compared to its average volume of 71,274. The company has a fifty day moving average price of $38.34 and a two-hundred day moving average price of $35.11. Five Star Bancorp has a 12 month low of $22.22 and a 12 month high of $42.26. The company has a market capitalization of $844.08 million, a P/E ratio of 13.61 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.73% 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, equities research analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.25 per share. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 34.48%.

Analysts Set New Price Targets

A number of research firms recently weighed in on FSBC. DA Davidson upped their target price on shares of Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods increased their price objective on Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Stephens downgraded Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a report on Monday, November 10th. Finally, Raymond James Financial restated an “outperform” rating and set a $40.00 price objective (up from $34.00) on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Institutional Trading of Five Star Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new position in shares of Five Star Bancorp during the 3rd quarter valued at $27,000. CWM LLC raised its stake in Five Star Bancorp by 375.9% in the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock valued at $30,000 after acquiring an additional 827 shares during the period. Russell Investments Group Ltd. bought a new stake in Five Star Bancorp in the 2nd quarter valued at about $34,000. Quarry LP purchased a new stake in Five Star Bancorp during the third quarter valued at about $40,000. Finally, Raymond James Financial Inc. bought a new position in Five Star Bancorp during the second quarter worth about $64,000. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.