Five Star Bancorp (NASDAQ:FSBC) Downgraded to Strong Sell Rating by Zacks Research

Five Star Bancorp (NASDAQ:FSBC) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

FSBC has been the topic of several other research reports. Stephens set a $51.00 target price on shares of Five Star Bancorp in a research note on Monday. Keefe, Bruyette & Woods increased their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. DA Davidson lifted their price target on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.20.

Five Star Bancorp Trading Down 0.1%

Shares of FSBC stock opened at $47.19 on Thursday. Five Star Bancorp has a 1 year low of $28.34 and a 1 year high of $50.26. The firm’s fifty day simple moving average is $46.16 and its 200 day simple moving average is $41.75. The firm has a market capitalization of $1.01 billion, a P/E ratio of 13.96 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%.The company had revenue of $47.95 million during the quarter, compared to the consensus estimate of $47.72 million. Equities research analysts anticipate that Five Star Bancorp will post 3.5 EPS for the current fiscal year.

Insider Buying and Selling at Five Star Bancorp

In other news, CEO James Eugene Beckwith sold 6,428 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were 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 owned 466,586 shares of the company’s stock, valued at $19,237,340.78. The trade was a 1.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shannon Deary-Bell acquired 5,682 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the acquisition, the director directly owned 85,244 shares in the company, valued at $3,750,736. This represents a 7.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 142,727 shares of company stock worth $6,279,988 and have sold 12,692 shares worth $524,640. 21.79% of the stock is owned by insiders.

Institutional Trading of Five Star Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of FSBC. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Five Star Bancorp by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock valued at $72,182,000 after buying an additional 18,668 shares during the last quarter. Vanguard Group Inc. increased its holdings in Five Star Bancorp by 1.7% during the third quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock worth $29,017,000 after buying an additional 15,183 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Five Star Bancorp by 75.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock worth $20,388,000 after buying an additional 245,727 shares during the last quarter. Kennedy Capital Management LLC increased its holdings 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 worth $15,701,000 after buying an additional 56,412 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Five Star Bancorp by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock worth $14,285,000 after acquiring an additional 5,038 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

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.