Five Star Bancorp (NASDAQ:FSBC) Stock: Insider Lydia Ann Ramirez-Medina Sells 4,307 Shares

Five Star Bancorp (NASDAQ:FSBC) EVP Lydia Ramirez-Medina sold 4,307 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $44.92, for a total value of $193,470.44. Following the sale, the executive vice president owned 9,368 shares in the company, valued at approximately $420,810.56. This trade represents a 31.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Five Star Bancorp Stock Performance

Shares of Five Star Bancorp stock opened at $45.29 on Thursday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 12.83 and a beta of 0.49. The stock has a 50 day moving average price of $44.39 and a 200-day moving average price of $42.88. Five Star Bancorp has a one year low of $32.20 and a one year high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, October 26th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.07. The firm had revenue of $52.62 million for the quarter, compared to the consensus estimate of $51.31 million. Five Star Bancorp had a return on equity of 16.89% and a net margin of 26.58%. Sell-side analysts predict that Five Star Bancorp will post 3.55 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Five Star Bancorp’s payout ratio is 28.33%.

Hedge Funds Weigh In On Five Star Bancorp

Several hedge funds have recently bought and sold shares of the business. Davis Asset Management L.P. bought a new stake in Five Star Bancorp during the 2nd quarter valued at about $73,595,000. BlackRock Inc. bought a new position in Five Star Bancorp in the 2nd quarter worth about $64,816,000. Bank of New York Mellon Corp purchased a new position in shares of Five Star Bancorp during the second quarter worth approximately $4,642,000. Squarepoint Ops LLC purchased a new position in shares of Five Star Bancorp during the second quarter worth approximately $1,994,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Five Star Bancorp by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock valued at $12,143,000 after acquiring an additional 34,396 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

Analyst Ratings Changes

FSBC has been the subject of several analyst reports. Stephens lowered their target price on shares of Five Star Bancorp from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday. DA Davidson reiterated a “buy” rating and set a $55.00 price target on shares of Five Star Bancorp in a report on Tuesday, October 27th. Weiss Ratings lowered 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 raised shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.00.

About Five Star Bancorp

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.