Five Star Bancorp (NASDAQ:FSBC) SVP Michael Eugene Lee Sells 1,500 Shares

Five Star Bancorp (NASDAQ:FSBC) SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the sale, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Five Star Bancorp Trading Up 0.1 %

FSBC traded up $0.02 during trading on Friday, hitting $30.10. The company’s stock had a trading volume of 39,448 shares, compared to its average volume of 47,268. The firm has a market capitalization of $641.73 million, a price-to-earnings ratio of 13.44 and a beta of 0.42. The business’s fifty day simple moving average is $29.54 and its 200 day simple moving average is $26.16. Five Star Bancorp has a twelve month low of $19.25 and a twelve month high of $31.88.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). The company had revenue of $54.05 million during the quarter. Five Star Bancorp had a return on equity of 13.50% and a net margin of 21.35%. During the same period in the previous year, the firm posted $0.64 earnings per share. As a group, equities research analysts forecast that Five Star Bancorp will post 2.17 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, November 4th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Monday, November 4th. Five Star Bancorp’s payout ratio is 35.09%.

Wall Street Analysts Forecast Growth

FSBC has been the topic of several analyst reports. Stephens raised their target price on Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. DA Davidson lifted their target price on shares of Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, July 26th.

Hedge Funds Weigh In On Five Star Bancorp

A number of hedge funds have recently made changes to their positions in FSBC. Vanguard Group Inc. raised its stake in Five Star Bancorp by 31.9% in the 1st quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock valued at $16,064,000 after purchasing an additional 172,507 shares during the last quarter. Kennedy Capital Management LLC raised its position in shares of Five Star Bancorp by 364.2% in the first quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock valued at $4,285,000 after buying an additional 149,424 shares during the last quarter. Stieven Capital Advisors L.P. acquired a new position in Five Star Bancorp during the first quarter worth about $3,150,000. Pacific Ridge Capital Partners LLC grew its stake in Five Star Bancorp by 42.3% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 310,479 shares of the company’s stock valued at $6,986,000 after acquiring an additional 92,260 shares in the last quarter. Finally, EJF Capital LLC purchased a new position in Five Star Bancorp in the 1st quarter worth approximately $1,688,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

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.