Michael Eugene Lee Sells 1,641 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Michael Eugene Lee sold 1,641 shares of Five Star Bancorp stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $41.26, for a total transaction of $67,707.66. Following the completion of the transaction, the senior vice president directly owned 33,631 shares of the company’s stock, valued at $1,387,615.06. The trade was a 4.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Michael Eugene Lee also recently made the following trade(s):

• On Friday, February 20th, Michael Eugene Lee sold 1,200 shares of Five Star Bancorp stock. The shares were sold at an average price of $39.30, for a total transaction of $47,160.00.

Five Star Bancorp Stock Performance

FSBC opened at $41.74 on Friday. Five Star Bancorp has a fifty-two week low of $26.20 and a fifty-two week high of $42.26. The company has a fifty day moving average of $38.96 and a two-hundred day moving average of $37.61. The stock has a market capitalization of $892.40 million, a price-to-earnings ratio of 13.25 and a beta of 0.54.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.56%. The company had revenue of $43.47 million during the quarter. On average, equities research analysts forecast that Five Star Bancorp will post 3.58 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, May 4th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, May 4th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 31.75%.

Analyst Ratings Changes

Several analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. DA Davidson raised their price objective on Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Finally, Stephens lifted their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

Institutional Trading of Five Star Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after acquiring an additional 390 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Five Star Bancorp by 3.4% in the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock worth $394,000 after acquiring an additional 458 shares during the last quarter. Swiss National Bank boosted its stake in shares of Five Star Bancorp by 1.9% in the fourth quarter. Swiss National Bank now owns 31,596 shares of the company’s stock worth $1,131,000 after acquiring an additional 600 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Five Star Bancorp in the third quarter worth approximately $27,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Five Star Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 139,221 shares of the company’s stock worth $4,981,000 after acquiring an additional 1,036 shares during the last quarter. 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.