Brett Levi Wait Sells 1,640 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 1,640 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $42.27, for a total transaction of $69,322.80. Following the transaction, the senior vice president owned 16,873 shares in the company, valued at $713,221.71. The trade was a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Brett Levi Wait also recently made the following trade(s):

• On Thursday, May 14th, Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock. The shares were sold at an average price of $41.11, for a total transaction of $106,187.13.

Five Star Bancorp Price Performance

Shares of Five Star Bancorp stock traded down $0.27 during trading on Wednesday, reaching $42.08. 44,956 shares of the company traded hands, compared to its average volume of 82,635. Five Star Bancorp has a 1-year low of $26.20 and a 1-year high of $42.74. The company has a 50 day moving average price of $39.75 and a 200-day moving average price of $38.17. The firm has a market capitalization of $899.50 million, a PE ratio of 13.36 and a beta of 0.54.

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

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, May 4th. Five Star Bancorp’s payout ratio is presently 31.75%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FSBC. Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. DA Davidson upped their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Stephens upped their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

Institutional Trading of Five Star Bancorp

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Five Star Bancorp in the 2nd quarter worth $34,000. Quarry LP bought a new stake in shares of Five Star Bancorp in the 3rd quarter worth $40,000. State of Alaska Department of Revenue grew its stake in shares of Five Star Bancorp by 154.6% in the 4th quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after acquiring an additional 1,322 shares in the last quarter. Raymond James Financial Inc. bought a new position in Five Star Bancorp during the second quarter valued at about $64,000. Finally, Tower Research Capital LLC TRC grew its position in Five Star Bancorp by 65.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock valued at $98,000 after buying an additional 1,359 shares during the period. Institutional investors own 46.94% of the company’s stock.

About Five Star Bancorp

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.