Five Star Bancorp (NASDAQ:FSBC) SVP Sells $106,187.13 in Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 2,583 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.11, for a total transaction of $106,187.13. Following the completion of the sale, the senior vice president owned 17,608 shares in the company, valued at approximately $723,864.88. This trade represents a 12.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Five Star Bancorp Price Performance

FSBC traded down $0.61 during mid-day trading on Friday, hitting $40.32. The stock had a trading volume of 67,690 shares, compared to its average volume of 81,418. The stock’s fifty day simple moving average is $39.11 and its 200-day simple moving average is $37.83. The firm has a market capitalization of $861.96 million, a price-to-earnings ratio of 12.80 and a beta of 0.54. Five Star Bancorp has a 1-year low of $26.20 and a 1-year high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $43.47 million for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. As a group, research analysts expect that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a $0.25 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.00 annualized dividend and a yield of 2.5%. Five Star Bancorp’s dividend payout ratio (DPR) is 31.75%.

Institutional Investors Weigh In On Five Star Bancorp

Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of Five Star Bancorp during the third quarter worth $27,000. Russell Investments Group Ltd. bought a new stake in shares of Five Star Bancorp during the second quarter worth $34,000. Quarry LP bought a new stake in shares of Five Star Bancorp during the third quarter worth $40,000. CWM LLC increased its position in shares of Five Star Bancorp by 103.3% during the third quarter. CWM LLC now owns 2,129 shares of the company’s stock worth $69,000 after acquiring an additional 1,082 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Five Star Bancorp during the second quarter worth $64,000. Institutional investors own 46.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FSBC. Keefe, Bruyette & Woods increased their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Stephens increased their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Finally, DA Davidson increased their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

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.