Short Interest in Five Star Bancorp (NASDAQ:FSBC) Drops By 13.4%

Five Star Bancorp (NASDAQ:FSBC) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 204,200 shares, a drop of 13.4% from the October 15th total of 235,900 shares. Based on an average daily volume of 41,900 shares, the days-to-cover ratio is presently 4.9 days. Approximately 1.4% of the shares of the stock are short sold.

Five Star Bancorp Stock Performance

Shares of NASDAQ FSBC traded down $0.26 during midday trading on Friday, reaching $32.80. 32,783 shares of the stock were exchanged, compared to its average volume of 47,886. The stock has a market capitalization of $699.30 million, a P/E ratio of 14.39 and a beta of 0.41. The company has a 50 day simple moving average of $30.21 and a 200 day simple moving average of $26.95. Five Star Bancorp has a twelve month low of $20.34 and a twelve month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, October 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.02). The business had revenue of $54.05 million for the quarter. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. During the same period last year, the business posted $0.64 earnings per share. On average, research analysts expect that Five Star Bancorp will post 2.16 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a yield of 2.44%. Five Star Bancorp’s payout ratio is currently 35.09%.

Insider Activity

In related news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now directly owns 36,765 shares in the company, valued at approximately $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 25.57% of the company’s stock.

Institutional Investors Weigh In On Five Star Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Five Star Bancorp by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after buying an additional 25,374 shares during the period. Barclays PLC grew its position in Five Star Bancorp by 332.1% in the 3rd quarter. Barclays PLC now owns 25,112 shares of the company’s stock valued at $746,000 after acquiring an additional 19,301 shares in the last quarter. State Street Corp increased its stake in Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after purchasing an additional 66,602 shares during the period. PDT Partners LLC acquired a new stake in shares of Five Star Bancorp during the third quarter worth about $244,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Five Star Bancorp by 25.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock valued at $667,000 after purchasing an additional 4,564 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FSBC has been the topic of a number of research reports. DA Davidson raised their target price on shares of Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stephens lifted 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, Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, July 26th.

About Five Star Bancorp

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.