Short Interest in Five Star Bancorp (NASDAQ:FSBC) Declines By 12.4%

Five Star Bancorp (NASDAQ:FSBC) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 178,900 shares, a decrease of 12.4% from the October 31st total of 204,200 shares. Based on an average trading volume of 41,300 shares, the days-to-cover ratio is currently 4.3 days. Currently, 1.2% of the shares of the stock are short sold.

Five Star Bancorp Trading Down 0.5 %

NASDAQ:FSBC traded down $0.16 on Tuesday, reaching $32.82. The stock had a trading volume of 26,002 shares, compared to its average volume of 47,246. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13. The company has a 50-day moving average of $30.95 and a 200 day moving average of $27.84. The stock has a market cap of $699.72 million, a P/E ratio of 14.39 and a beta of 0.45.

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

Five Star Bancorp Dividend Announcement

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

Insider Activity

In related news, SVP Michael Eugene Lee sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the transaction, the senior vice president now owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Five Star Bancorp by 332.1% during the third quarter. Barclays PLC now owns 25,112 shares of the company’s stock valued at $746,000 after purchasing an additional 19,301 shares in the last quarter. Geode Capital Management LLC increased its stake in Five Star Bancorp by 7.2% during 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. State Street Corp raised its position in shares of Five Star Bancorp by 21.7% during the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after buying an additional 66,602 shares in the last quarter. PDT Partners LLC acquired a new stake in shares of Five Star Bancorp in the 3rd quarter worth approximately $244,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 acquiring an additional 4,564 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

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.