Five Star Bancorp (NASDAQ:FSBC) Short Interest Update

Five Star Bancorp (NASDAQ:FSBC) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 380,126 shares, a growth of 19.8% from the March 31st total of 317,373 shares. Based on an average trading volume of 68,549 shares, the days-to-cover ratio is currently 5.5 days. Currently, 2.3% of the shares of the company are short sold.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 4,000 shares of the business’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 transaction, the chief executive officer directly owned 473,014 shares of the company’s stock, valued at approximately $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. Also, SVP Michael Eugene Lee sold 1,200 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $39.30, for a total transaction of $47,160.00. Following the completion of the transaction, the senior vice president directly owned 35,272 shares in the company, valued at $1,386,189.60. This represents a 3.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.79% of the company’s stock.

Institutional Investors Weigh In On Five Star Bancorp

A number of institutional investors have recently added to or reduced their stakes in FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after buying an additional 390 shares during the period. Jane Street Group LLC purchased a new position in shares of Five Star Bancorp in the first quarter valued at $889,000. Russell Investments Group Ltd. purchased a new position in shares of Five Star Bancorp in the second quarter valued at $34,000. First Trust Advisors LP boosted its stake in shares of Five Star Bancorp by 3.4% in the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after purchasing an additional 458 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Five Star Bancorp in the second quarter valued at $509,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Trading Up 1.6%

Shares of NASDAQ:FSBC traded up $0.64 during midday trading on Friday, hitting $41.09. 74,099 shares of the stock were exchanged, compared to its average volume of 97,339. The company has a 50 day moving average price of $38.89 and a 200-day moving average price of $37.35. The stock has a market cap of $878.34 million, a P/E ratio of 13.04 and a beta of 0.53. Five Star Bancorp has a twelve month low of $26.20 and a twelve month high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. Five Star Bancorp had a return on equity of 15.56% and a net margin of 25.23%.The company had revenue of $43.47 million during the quarter. On average, equities research analysts expect that Five Star Bancorp will post 3.5 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, May 4th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, May 4th. Five Star Bancorp’s dividend payout ratio (DPR) is currently 31.75%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday. DA Davidson upped their price objective on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday. Finally, Stephens upped their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

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.