Insider Selling: Five Star Bancorp (NASDAQ:FSBC) SVP Sells 1,200 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Michael Eugene Lee sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $39.30, for a total value of $47,160.00. Following the transaction, the senior vice president directly owned 35,272 shares in the company, valued at $1,386,189.60. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Five Star Bancorp Price Performance

Five Star Bancorp stock traded down $1.28 during mid-day trading on Monday, hitting $39.48. 108,574 shares of the company’s stock traded hands, compared to its average volume of 71,274. The firm has a 50 day simple moving average of $38.34 and a two-hundred day simple moving average of $35.11. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $42.26. The stock has a market cap of $844.08 million, a price-to-earnings ratio of 13.61 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, January 26th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. The firm had revenue of $40.67 million for the quarter, compared to the consensus estimate of $42.58 million. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.73%. On average, research analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 2nd. Five Star Bancorp’s dividend payout ratio (DPR) is 34.48%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FSBC shares. DA Davidson boosted their price target on Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Stephens cut shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 target price for the company. in a research report on Monday, November 10th. Raymond James Financial restated an “outperform” rating and issued a $40.00 price target (up from $34.00) on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods raised their price target on shares of Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.00.

Institutional Investors Weigh In On Five Star Bancorp

A number of large investors have recently bought and sold shares of FSBC. Adage Capital Partners GP L.L.C. increased its holdings in Five Star Bancorp by 75.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock worth $20,388,000 after purchasing an additional 245,727 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Five Star Bancorp by 4,770.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company’s stock worth $1,892,000 after purchasing an additional 57,536 shares during the period. Kennedy Capital Management LLC boosted its position in Five Star Bancorp by 14.8% during the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after acquiring an additional 56,412 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Five Star Bancorp by 81.1% during the 4th quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock valued at $4,449,000 after purchasing an additional 55,698 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Five Star Bancorp by 69.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 84,110 shares of the company’s stock worth $2,708,000 after buying an additional 34,570 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.