Five Star Bancorp (NASDAQ:FSBC) EVP Sells $193,470.44 in Stock

Five Star Bancorp (NASDAQ:FSBC) EVP Lydia Ramirez-Medina sold 4,307 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $44.92, for a total transaction of $193,470.44. Following the completion of the sale, the executive vice president owned 9,368 shares in the company, valued at $420,810.56. This represents a 31.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Five Star Bancorp Stock Down 3.4%

Shares of Five Star Bancorp stock opened at $43.75 on Friday. The firm’s 50 day moving average price is $44.36 and its 200-day moving average price is $42.91. Five Star Bancorp has a 52-week low of $32.20 and a 52-week high of $50.26. The company has a market cap of $1.07 billion, a P/E ratio of 12.39 and a beta of 0.49.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Tuesday, October 27th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. Five Star Bancorp had a net margin of 26.58% and a return on equity of 16.89%. The company had revenue of $52.62 million during the quarter, compared to analysts’ expectations of $51.31 million. As a group, equities research analysts forecast that Five Star Bancorp will post 3.55 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 2nd. Five Star Bancorp’s payout ratio is currently 28.33%.

Institutional Trading of Five Star Bancorp

Several large investors have recently bought and sold shares of FSBC. State of Wyoming acquired a new position in Five Star Bancorp during the 2nd quarter valued at approximately $27,000. Nisa Investment Advisors LLC raised its holdings in shares of Five Star Bancorp by 96.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,462 shares of the company’s stock worth $62,000 after buying an additional 716 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its holdings in shares of Five Star Bancorp by 11.9% in the second quarter. Susquehanna Fundamental Investments LLC now owns 7,547 shares of the company’s stock worth $367,000 after buying an additional 800 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Five Star Bancorp during the second quarter worth $46,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Five Star Bancorp during the second quarter worth $141,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FSBC. Stephens decreased their price objective on Five Star Bancorp from $50.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday. Weiss Ratings downgraded Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 21st. DA Davidson restated a “buy” rating and set a $55.00 target price on shares of Five Star Bancorp in a research note on Tuesday, October 27th. Finally, Zacks Research raised Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.00.

About Five Star Bancorp

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.