Five Star Bancorp (NASDAQ:FSBC) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Five Star Bancorp (NASDAQ:FSBC) saw unusually-strong trading volume on Monday . Approximately 54,828 shares were traded during trading, an increase of 1% from the previous session’s volume of 54,550 shares.The stock last traded at $25.96 and had previously closed at $25.19.

Analyst Ratings Changes

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

Five Star Bancorp Trading Up 0.2 %

The company’s 50-day moving average is $28.89 and its 200-day moving average is $30.23. The firm has a market cap of $538.34 million, a price-to-earnings ratio of 11.07 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results 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 return on equity of 12.89% and a net margin of 21.40%. Equities research analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a $0.20 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.80 annualized dividend and a yield of 3.17%. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Insider Transactions at Five Star Bancorp

In related news, Director Donna Lucas bought 2,650 shares of Five Star Bancorp stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the acquisition, the director now directly owns 12,076 shares of the company’s stock, valued at approximately $343,320.68. The trade was a 28.11 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James Eugene Beckwith sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. Following the transaction, the chief executive officer now owns 476,381 shares of the company’s stock, valued at approximately $14,410,525.25. The trade was a 0.83 % decrease in their position. The disclosure for this sale 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 the company. State Street Corp lifted its stake in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after purchasing an additional 66,602 shares during the period. American Century Companies Inc. boosted its holdings in shares of Five Star Bancorp by 31.1% during the 4th quarter. American Century Companies Inc. now owns 261,494 shares of the company’s stock worth $7,868,000 after buying an additional 62,041 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Five Star Bancorp by 153.1% during the 4th quarter. JPMorgan Chase & Co. now owns 59,456 shares of the company’s stock worth $1,789,000 after buying an additional 35,967 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Five Star Bancorp by 47.0% in the 4th quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company’s stock valued at $3,365,000 after acquiring an additional 35,783 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Five Star Bancorp during the 4th quarter valued at $862,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.