Five Star Bancorp (NASDAQ:FSBC) Short Interest Update

Five Star Bancorp (NASDAQ:FSBC) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 330,411 shares, a drop of 13.2% from the February 26th total of 380,490 shares. Based on an average daily volume of 87,918 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

FSBC has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. DA Davidson upped their price target on shares of Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Five Star Bancorp currently has an average rating of “Moderate Buy” and an average price target of $40.00.

Five Star Bancorp Trading Up 1.0%

NASDAQ:FSBC opened at $38.10 on Thursday. The business’s fifty day moving average price is $38.84 and its 200 day moving average price is $36.24. The firm has a market capitalization of $814.58 million, a price-to-earnings ratio of 13.14 and a beta of 0.53. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.49% and a net margin of 24.11%.The firm had revenue of $40.67 million during the quarter, compared to analyst estimates of $42.58 million. Equities analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 2nd. Five Star Bancorp’s payout ratio is currently 34.48%.

Insiders Place Their Bets

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 4,000 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $36.66, for a total transaction of $146,640.00. Following the sale, the chief executive officer owned 473,014 shares in the company, valued at approximately $17,340,693.24. The trade was a 0.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Eugene Lee sold 1,200 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $39.30, for a total transaction of $47,160.00. Following the sale, the senior vice president directly owned 35,272 shares of the company’s stock, valued at $1,386,189.60. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 21.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. increased its stake 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 valued at $20,388,000 after buying an additional 245,727 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Five Star Bancorp by 4,770.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company’s stock valued at $1,892,000 after buying an additional 57,536 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of Five Star Bancorp by 14.8% during the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after buying an additional 56,412 shares during the period. Deprince Race & Zollo Inc. grew its holdings 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 acquiring an additional 55,698 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew 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 valued at $2,708,000 after acquiring an additional 34,570 shares in the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.