Five Star Bancorp (NASDAQ:FSBC) EVP Michael Anthony Rizzo Sells 641 Shares

Five Star Bancorp (NASDAQ:FSBC) EVP Michael Anthony Rizzo sold 641 shares of Five Star Bancorp stock in a transaction on Friday, December 12th. The stock was sold at an average price of $37.28, for a total transaction of $23,896.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Five Star Bancorp Trading Down 0.1%

NASDAQ:FSBC traded down $0.02 during trading hours on Tuesday, hitting $37.75. The company’s stock had a trading volume of 20,950 shares, compared to its average volume of 53,170. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $38.09. The stock has a market capitalization of $806.72 million, a P/E ratio of 13.98 and a beta of 0.52. The stock has a fifty day moving average of $34.43 and a 200-day moving average of $31.89.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. The business had revenue of $41.31 million during the quarter, compared to analysts’ expectations of $40.34 million. Five Star Bancorp had a return on equity of 13.88% and a net margin of 23.18%.During the same period in the prior year, the firm posted $0.52 EPS. On average, sell-side analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Five Star Bancorp’s payout ratio is 29.63%.

Wall Street Analyst Weigh In

FSBC has been the topic of several research reports. Janney Montgomery Scott began coverage on Five Star Bancorp in a report on Friday, October 10th. They set a “buy” rating and a $37.00 price objective on the stock. DA Davidson set a $43.00 target price on Five Star Bancorp in a research report on Wednesday, October 29th. Stephens downgraded Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research note on Monday, November 10th. Raymond James Financial reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $34.00) on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Five Star Bancorp presently has an average rating of “Moderate Buy” and an average target price of $39.40.

Hedge Funds Weigh In On Five Star Bancorp

Several institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Five Star Bancorp by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after buying an additional 390 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Five Star Bancorp by 3.4% in the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock worth $394,000 after purchasing an additional 458 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Five Star Bancorp by 3.6% during the third quarter. Inspire Investing LLC now owns 14,114 shares of the company’s stock valued at $454,000 after purchasing an additional 491 shares during the period. CWM LLC raised its stake in shares of Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company’s stock valued at $30,000 after purchasing an additional 827 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Five Star Bancorp during the third quarter valued at about $27,000. Institutional investors own 46.94% of the company’s stock.

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.