Five Star Bancorp (NASDAQ:FSBC) Director Buys $250,008.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) Director Shannon Deary-Bell bought 5,682 shares of Five Star Bancorp stock in a transaction on Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, with a total value of $250,008.00. Following the completion of the acquisition, the director directly owned 85,244 shares of the company’s stock, valued at $3,750,736. This represents a 7.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Five Star Bancorp Price Performance

Shares of FSBC stock traded up $0.74 during mid-day trading on Tuesday, hitting $47.95. 82,790 shares of the stock traded hands, compared to its average volume of 111,788. Five Star Bancorp has a 52-week low of $28.34 and a 52-week high of $50.26. The stock has a market cap of $1.03 billion, a P/E ratio of 14.19 and a beta of 0.53. The stock’s fifty day moving average is $45.69 and its two-hundred day moving average is $41.49.

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

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is 29.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on 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 raised their price objective on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Finally, Stephens set a $51.00 target price on Five Star Bancorp in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.90.

Institutional Trading of Five Star Bancorp

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in Five Star Bancorp during the 2nd quarter worth approximately $34,000. Quarry LP purchased a new position in shares of Five Star Bancorp in the third quarter worth $40,000. Raymond James Financial Inc. acquired a new stake in shares of Five Star Bancorp during the second quarter worth $64,000. State of Alaska Department of Revenue lifted its stake in shares of 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 worth $77,000 after buying an additional 1,322 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Five Star Bancorp by 65.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock valued at $98,000 after buying an additional 1,359 shares during the last quarter. Hedge funds and other 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.