Donna Lucas Acquires 2,650 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) Director Donna Lucas purchased 2,650 shares of Five Star Bancorp stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the transaction, the director now owns 12,076 shares in the company, valued at approximately $343,320.68. The trade was a 28.11 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Five Star Bancorp Trading Up 1.0 %

Shares of NASDAQ FSBC opened at $28.28 on Friday. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13. The company has a market cap of $603.18 million, a PE ratio of 12.40 and a beta of 0.48. The stock has a 50 day simple moving average of $30.17 and a 200-day simple moving average of $30.56.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. Sell-side analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.83%. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Institutional Trading of Five Star Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in Five Star Bancorp by 201.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after purchasing an additional 89,834 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Five Star Bancorp in the third quarter valued at $109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Five Star Bancorp by 25.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock valued at $667,000 after buying an additional 4,564 shares in the last quarter. PDT Partners LLC acquired a new position in Five Star Bancorp during the third quarter worth about $244,000. Finally, State Street Corp raised its position in Five Star Bancorp by 21.7% in the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after acquiring an additional 66,602 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on FSBC. DA Davidson reiterated a “buy” rating and set a $38.50 price objective on shares of Five Star Bancorp in a research note on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Stephens restated an “overweight” rating and set a $37.00 price objective on shares of Five Star Bancorp in a research note on Tuesday, January 28th. Finally, Raymond James reiterated an “outperform” rating and issued a $35.00 target price (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th.

About Five Star Bancorp

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.