Five Star Bancorp (NASDAQ:FSBC) Director Larry Eugene Allbaugh Acquires 96,591 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) Director Larry Eugene Allbaugh bought 96,591 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average price of $44.00 per share, for a total transaction of $4,250,004.00. Following the completion of the acquisition, the director directly owned 1,101,687 shares in the company, valued at approximately $48,474,228. This represents a 9.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Five Star Bancorp Stock Performance

Shares of NASDAQ:FSBC opened at $47.83 on Wednesday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 14.15 and a beta of 0.53. Five Star Bancorp has a 1-year low of $28.34 and a 1-year high of $50.26. The company has a 50 day moving average price of $45.83 and a 200 day moving average price of $41.57.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $47.72 million. On average, sell-side analysts expect that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd. Five Star Bancorp’s dividend payout ratio is currently 29.59%.

Institutional Investors Weigh In On Five Star Bancorp

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in Five Star Bancorp during the 2nd quarter valued at about $34,000. Quarry LP purchased a new stake in shares of Five Star Bancorp in the third quarter worth approximately $40,000. Raymond James Financial Inc. purchased a new stake in shares of Five Star Bancorp in the second quarter worth approximately $64,000. State of Alaska Department of Revenue boosted its holdings 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 purchasing an additional 1,322 shares during the period. Finally, Tower Research Capital LLC TRC boosted 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 worth $98,000 after purchasing an additional 1,359 shares during the period. 46.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. DA Davidson lifted their price target on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Stephens set a $51.00 target price on shares of Five Star Bancorp in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $43.90.

More Five Star Bancorp News

Here are the key news stories impacting Five Star Bancorp this week:

• Positive Sentiment: Multiple directors made significant open-market purchases. Five Star Bancorp directors collectively bought 142,727 shares for approximately $6.28 million at an average price of $44 per share. The largest purchase came from Larry Eugene Allbaugh, who bought 96,591 shares for about $4.25 million. Robert Truxtun Perry-Smith also purchased 31,363 shares, while four other directors made additional purchases. The transactions increased their respective holdings and may strengthen investor confidence in management’s outlook. SEC insider transaction filing
• Positive Sentiment: The company completed the full exercise of the underwriters’ overallotment option. Including the original offering, Five Star Bancorp sold 3,133,750 shares at $44 each and expects approximately $130.6 million in net proceeds before offering expenses. Management plans to use the funds for general corporate purposes, working capital, investments in Five Star Bank and potential growth opportunities. Offering closing announcement
• Negative Sentiment: The public offering creates near-term dilution. Issuing more than 3.1 million shares increases the company’s share count, which can dilute existing shareholders and potentially weigh on per-share metrics. However, the dilution is partially offset by the added capital, which could support loan growth and future earnings.

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.