Judson Teichert Riggs Purchases 2,273 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) Director Judson Teichert Riggs bought 2,273 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average cost of $44.00 per share, for a total transaction of $100,012.00. Following the completion of the transaction, the director owned 87,531 shares in the company, valued at $3,851,364. This represents a 2.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Five Star Bancorp Stock Performance

Shares of FSBC stock traded up $0.74 during mid-day trading on Tuesday, reaching $47.95. 82,790 shares of the company were exchanged, compared to its average volume of 111,788. Five Star Bancorp has a fifty-two week low of $28.34 and a fifty-two week high of $50.26. The company has a market capitalization of $1.03 billion, a P/E ratio of 14.19 and a beta of 0.53. The business’s 50 day simple moving average is $45.69 and its 200 day simple moving average is $41.49.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $47.95 million during the quarter, compared to analyst estimates of $47.72 million. Five Star Bancorp had a net margin of 25.92% and a return on equity of 16.17%. On average, analysts forecast that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd. Five Star Bancorp’s payout ratio is currently 29.59%.

Hedge Funds Weigh In On Five Star Bancorp

Several institutional investors have recently made changes to their positions in FSBC. Bank of America Corp DE raised its position in shares of Five Star Bancorp by 59.6% during the 1st quarter. Bank of America Corp DE now owns 22,491 shares of the company’s stock worth $848,000 after purchasing an additional 8,402 shares during the period. Quantinno Capital Management LP boosted its position in Five Star Bancorp by 123.6% during the 1st quarter. Quantinno Capital Management LP now owns 15,956 shares of the company’s stock valued at $602,000 after purchasing an additional 8,821 shares during the period. Sei Investments Co. grew its stake in Five Star Bancorp by 32.2% during the 1st quarter. Sei Investments Co. now owns 25,886 shares of the company’s stock worth $976,000 after buying an additional 6,299 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Five Star Bancorp by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after buying an additional 34,396 shares during the period. Finally, Deprince Race & Zollo Inc. increased its position in Five Star Bancorp by 24.9% in the first quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock worth $5,857,000 after buying an additional 30,936 shares during the period. 46.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FSBC has been the subject of several research reports. Stephens set a $51.00 target price on Five Star Bancorp in a research report on Monday. Keefe, Bruyette & Woods raised their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. DA Davidson lifted their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.90.

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.