Five Star Bancorp (NASDAQ:FSBC) Sees Unusually-High Trading Volume – What’s Next?

Shares of Five Star Bancorp (NASDAQ:FSBC) saw unusually-strong trading volume on Tuesday . Approximately 121,698 shares changed hands during mid-day trading, an increase of 127% from the previous session’s volume of 53,577 shares.The stock last traded at $28.64 and had previously closed at $28.36.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FSBC. Keefe, Bruyette & Woods lowered their price objective on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Thursday, January 30th. Raymond James reissued an “outperform” rating and set a $35.00 target price (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th. DA Davidson restated a “buy” rating and issued a $38.50 price target on shares of Five Star Bancorp in a research note on Thursday, January 30th. Finally, Stephens reiterated an “overweight” rating and set a $37.00 price objective on shares of Five Star Bancorp in a research report on Tuesday, January 28th.

Five Star Bancorp Trading Up 0.3 %

The stock has a market cap of $606.60 million, a P/E ratio of 12.47 and a beta of 0.48. The stock’s 50-day moving average is $30.04 and its 200-day moving average is $30.54.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. On average, equities analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Insider Activity at Five Star Bancorp

In related news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $30.25, for a total transaction of $121,000.00. Following the completion of the sale, the chief executive officer now directly owns 476,381 shares of the company’s stock, valued at $14,410,525.25. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna Lucas purchased 2,650 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the acquisition, the director now directly owns 12,076 shares of the company’s stock, valued at $343,320.68. This represents a 28.11 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 25.57% of the company’s stock.

Institutional Investors Weigh In On Five Star Bancorp

Several large investors have recently modified their holdings of FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Five Star Bancorp by 6.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,514 shares of the company’s stock worth $286,000 after buying an additional 564 shares during the period. MetLife Investment Management LLC increased its position in shares of Five Star Bancorp by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 10,030 shares of the company’s stock worth $302,000 after acquiring an additional 822 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Five Star Bancorp by 18.7% during the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock valued at $218,000 after acquiring an additional 1,143 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Five Star Bancorp by 91.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company’s stock valued at $90,000 after acquiring an additional 1,427 shares in the last quarter. Finally, PDT Partners LLC boosted its stake in Five Star Bancorp by 22.4% in the 4th quarter. PDT Partners LLC now owns 10,049 shares of the company’s stock worth $302,000 after purchasing an additional 1,840 shares during the period. 46.94% of the stock is owned by institutional investors.

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.