Five Star Bancorp (NASDAQ:FSBC) Short Interest Update

Five Star Bancorp (NASDAQ:FSBC) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 178,900 shares, a decrease of 12.4% from the October 31st total of 204,200 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 41,300 shares, the days-to-cover ratio is currently 4.3 days.

Five Star Bancorp Stock Down 0.5 %

Shares of FSBC traded down $0.16 during mid-day trading on Tuesday, reaching $32.82. The company had a trading volume of 26,002 shares, compared to its average volume of 47,246. The stock has a market capitalization of $699.72 million, a P/E ratio of 14.39 and a beta of 0.45. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13. The stock has a 50 day moving average of $30.95 and a two-hundred day moving average of $27.84.

Five Star Bancorp (NASDAQ:FSBC) last posted 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). Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. The company had revenue of $54.05 million during the quarter. During the same period in the previous year, the company posted $0.64 earnings per share. On average, sell-side analysts expect that Five Star Bancorp will post 2.16 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

Insider Activity

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the completion of the sale, the senior vice president now directly owns 36,765 shares in the company, valued at approximately $1,127,582.55. This represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Davis Asset Management L.P. raised its position in Five Star Bancorp by 3.4% during the 2nd quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock worth $35,747,000 after buying an additional 50,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in Five Star Bancorp by 31.9% during the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock worth $16,064,000 after purchasing an additional 172,507 shares in the last quarter. Geode Capital Management LLC lifted its position in Five Star Bancorp by 7.2% in the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after purchasing an additional 25,374 shares during the period. State Street Corp increased its position in Five Star Bancorp by 21.7% during the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after purchasing an additional 66,602 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Five Star Bancorp by 32.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after buying an additional 39,256 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 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.