Insider Selling: Five Star Bancorp (NASDAQ:FSBC) SVP Sells 1,500 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Michael Eugene Lee sold 1,500 shares of Five Star Bancorp stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares in the company, valued at approximately $1,127,582.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Five Star Bancorp Price Performance

Shares of FSBC stock traded up $0.02 during trading hours on Friday, hitting $30.10. The company had a trading volume of 39,448 shares, compared to its average volume of 47,268. Five Star Bancorp has a fifty-two week low of $19.25 and a fifty-two week high of $31.88. The company’s fifty day moving average is $29.54 and its 200 day moving average is $26.16. The stock has a market capitalization of $641.73 million, a PE ratio of 13.44 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Five Star Bancorp had a return on equity of 13.50% and a net margin of 21.35%. The firm had revenue of $54.05 million for the quarter. During the same quarter last year, the business earned $0.64 EPS. Equities analysts forecast that Five Star Bancorp will post 2.17 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date is Monday, November 4th. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Institutional Trading of Five Star Bancorp

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in shares of Five Star Bancorp in the second quarter valued at $124,000. SG Americas Securities LLC purchased a new stake in shares of Five Star Bancorp during the 3rd quarter worth $182,000. Inspire Investing LLC purchased a new stake in shares of Five Star Bancorp during the 3rd quarter worth $414,000. Interval Partners LP acquired a new position in shares of Five Star Bancorp during the first quarter worth $450,000. Finally, Swiss National Bank increased its holdings in Five Star Bancorp by 8.3% in the first quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after buying an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Analysts Set New Price Targets

FSBC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Stephens increased their price objective on Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, DA Davidson upped their price target on Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Five Star Bancorp Company Profile

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.