Michael Anthony Rizzo Sells 641 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Key Points

  • EVP Michael Anthony Rizzo sold 641 shares of Five Star Bancorp on December 12 at an average price of $37.28, totaling $23,896.48, per an SEC filing.
  • Five Star reported quarterly EPS of $0.77 (vs. $0.71 expected) and revenue of $41.31M (vs. $40.34M), and recently paid a $0.20 quarterly dividend (annualized $0.80, ~2.1% yield).
  • The stock carries a consensus rating of “Moderate Buy” with a $39.40 average price target (five Buys, two Holds), and institutional investors own about 46.94% of the shares.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) EVP Michael Anthony Rizzo sold 641 shares of Five Star Bancorp stock in a transaction on Friday, December 12th. The shares were sold at an average price of $37.28, for a total transaction of $23,896.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Five Star Bancorp Stock Down 0.3%

FSBC opened at $37.66 on Wednesday. The firm has a 50-day simple moving average of $34.55 and a two-hundred day simple moving average of $31.96. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $38.09. The company has a market capitalization of $804.79 million, a PE ratio of 13.95 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its earnings results on Monday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. The firm had revenue of $41.31 million for the quarter, compared to analysts' expectations of $40.34 million. Five Star Bancorp had a return on equity of 13.88% and a net margin of 23.18%.During the same period in the previous year, the firm posted $0.52 earnings per share. As a group, sell-side analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement




The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Five Star Bancorp's payout ratio is presently 29.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FSBC. Stephens cut Five Star Bancorp from an "overweight" rating to an "equal weight" rating and set a $37.00 price objective on the stock. in a report on Monday, November 10th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Five Star Bancorp in a research note on Wednesday, October 8th. Raymond James Financial reiterated an "outperform" rating and set a $40.00 price objective (up previously from $34.00) on shares of Five Star Bancorp in a research report on Wednesday, October 29th. Janney Montgomery Scott assumed coverage on shares of Five Star Bancorp in a report on Friday, October 10th. They issued a "buy" rating and a $37.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of Five Star Bancorp from $35.00 to $40.00 and gave the company a "market perform" rating in a report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.40.

View Our Latest Research Report on FSBC

Institutional Investors Weigh In On Five Star Bancorp

Institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in Five Star Bancorp during the 3rd quarter valued at about $27,000. CWM LLC boosted its position in shares of Five Star Bancorp by 375.9% during the second quarter. CWM LLC now owns 1,047 shares of the company's stock valued at $30,000 after buying an additional 827 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Five Star Bancorp in the second quarter worth approximately $34,000. Quarry LP bought a new stake in shares of Five Star Bancorp during the 3rd quarter worth approximately $40,000. Finally, Raymond James Financial Inc. purchased a new position in Five Star Bancorp during the 2nd quarter valued at $64,000. Institutional investors own 46.94% of the company's stock.

Five Star Bancorp Company Profile

(Get Free Report)

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.

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