James Eugene Beckwith Sells 4,000 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 4,000 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were 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 owned 473,014 shares in the company, valued at $17,340,693.24. The trade was a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Five Star Bancorp Stock Down 0.1%

Five Star Bancorp stock opened at $36.78 on Friday. The company has a fifty day simple moving average of $38.84 and a 200-day simple moving average of $35.80. The firm has a market capitalization of $786.36 million, a price-to-earnings ratio of 12.68 and a beta of 0.52. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $40.67 million for the quarter, compared to the consensus estimate of $42.58 million. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.49%. On average, research 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. Shareholders of record on Monday, February 2nd were paid a $0.25 dividend. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. Five Star Bancorp’s dividend payout ratio is 34.48%.

Hedge Funds Weigh In On Five Star Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of FSBC. T. Rowe Price Investment Management Inc. grew its stake in shares of Five Star Bancorp by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock valued at $72,182,000 after buying an additional 18,668 shares during the period. Invesco Ltd. increased its holdings in shares of Five Star Bancorp by 0.9% during the 4th quarter. Invesco Ltd. now owns 337,497 shares of the company’s stock worth $12,076,000 after buying an additional 2,850 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Five Star Bancorp during the 4th quarter valued at approximately $233,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Five Star Bancorp during the 4th quarter valued at approximately $294,000. Finally, Janus Henderson Group PLC acquired a new position in Five Star Bancorp in the fourth quarter valued at approximately $221,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FSBC has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. DA Davidson lifted their price objective on Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods boosted 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.