Five Star Bancorp (NASDAQ:FSBC) Shares Gap Down – Should You Sell?

Five Star Bancorp (NASDAQ:FSBC) gapped down prior to trading on Thursday . The stock had previously closed at $48.37, but opened at $44.82. Five Star Bancorp shares last traded at $45.9090, with a volume of 378,127 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have commented on FSBC. Keefe, Bruyette & Woods increased their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. DA Davidson boosted their price target on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Stephens upped their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

Five Star Bancorp Price Performance

The company has a market cap of $1.00 billion, a P/E ratio of 13.85 and a beta of 0.53. The stock’s 50-day moving average is $45.57 and its two-hundred day moving average is $41.38.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a net margin of 25.92% and a return on equity of 16.17%. The company had revenue of $47.95 million for the quarter, compared to analysts’ expectations of $47.72 million. On average, analysts predict that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd. Five Star Bancorp’s dividend payout ratio is presently 29.59%.

Insider Transactions at Five Star Bancorp

In related news, SVP Brett Levi Wait sold 2,583 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.11, for a total transaction of $106,187.13. Following the completion of the sale, the senior vice president owned 17,608 shares in the company, valued at approximately $723,864.88. This represents a 12.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Eugene Beckwith sold 6,428 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total value of $265,026.44. Following the completion of the transaction, the chief executive officer directly owned 466,586 shares in the company, valued at $19,237,340.78. The trade was a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,692 shares of company stock worth $524,640 in the last ninety days. Insiders own 21.79% of the company’s stock.

Institutional Investors Weigh In On Five Star Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. purchased a new position in shares of Five Star Bancorp in the second quarter worth approximately $34,000. Quarry LP purchased a new stake in Five Star Bancorp during the third quarter valued at approximately $40,000. Raymond James Financial Inc. purchased a new stake in Five Star Bancorp during the second quarter valued at approximately $64,000. State of Alaska Department of Revenue increased its holdings in Five Star Bancorp by 154.6% during the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock valued at $77,000 after buying an additional 1,322 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Five Star Bancorp by 65.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after acquiring an additional 1,359 shares during the period. Hedge funds and other institutional investors own 46.94% of the company’s stock.

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.