Five Star Bancorp (NASDAQ:FSBC) COO Lydia Ann Ramirez-Medina Sells 600 Shares

Five Star Bancorp (NASDAQ:FSBC) COO Lydia Ann Ramirez-Medina sold 600 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $27.43, for a total value of $16,458.00. Following the sale, the chief operating officer now owns 12,785 shares in the company, valued at approximately $350,692.55. This trade represents a 4.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Five Star Bancorp Price Performance

Shares of Five Star Bancorp stock traded up $0.71 during midday trading on Tuesday, reaching $28.48. The company had a trading volume of 20,769 shares, compared to its average volume of 56,191. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $35.13. The stock has a fifty day moving average price of $27.34 and a 200 day moving average price of $29.36. The firm has a market cap of $607.45 million, a PE ratio of 12.43 and a beta of 0.51.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. The firm had revenue of $35.34 million for the quarter, compared to analyst estimates of $35.27 million. As a group, sell-side analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Monday, May 5th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Hedge Funds Weigh In On Five Star Bancorp

A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Five Star Bancorp by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after purchasing an additional 390 shares during the period. MetLife Investment Management LLC raised its position in shares of Five Star Bancorp by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 10,030 shares of the company’s stock worth $302,000 after purchasing an additional 822 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Five Star Bancorp by 91.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company’s stock worth $90,000 after purchasing an additional 1,427 shares during the period. PDT Partners LLC raised its position in shares of Five Star Bancorp by 22.4% during the fourth quarter. PDT Partners LLC now owns 10,049 shares of the company’s stock worth $302,000 after purchasing an additional 1,840 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Five Star Bancorp during the fourth quarter worth approximately $60,000. 46.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Raymond James reduced their price target on Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. DA Davidson reduced their price target on Five Star Bancorp from $38.50 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Five Star Bancorp in a research note on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.