Brett Levi Wait Sells 2,583 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 2,583 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.11, for a total value of $106,187.13. Following the sale, the senior vice president owned 17,608 shares in the company, valued at approximately $723,864.88. The trade was a 12.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Five Star Bancorp Stock Performance

Shares of NASDAQ:FSBC opened at $40.39 on Friday. The company has a market cap of $863.54 million, a P/E ratio of 12.82 and a beta of 0.54. Five Star Bancorp has a one year low of $26.20 and a one year high of $42.26. The business’s 50-day simple moving average is $39.13 and its 200 day simple moving average is $37.85.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. The business had revenue of $43.47 million for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. Analysts predict that Five Star Bancorp will post 3.58 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, May 4th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 31.75%.

Hedge Funds Weigh In On Five Star Bancorp

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in shares of Five Star Bancorp in the 3rd quarter valued at approximately $27,000. Russell Investments Group Ltd. acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at approximately $34,000. Quarry LP acquired a new position in shares of Five Star Bancorp in the 3rd quarter valued at approximately $40,000. Raymond James Financial Inc. acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at approximately $64,000. Finally, CWM LLC raised its position in shares of Five Star Bancorp by 103.3% in the 3rd quarter. CWM LLC now owns 2,129 shares of the company’s stock valued at $69,000 after purchasing an additional 1,082 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FSBC. Keefe, Bruyette & Woods raised their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Stephens raised their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Finally, DA Davidson upped their target price on Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Four 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 currently has an average rating of “Moderate Buy” and an average target price of $42.30.

Five Star Bancorp Company Profile

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.