Key Points
- Insider sale: SVP Michael Eugene Lee sold 1,200 shares on Feb. 20 at an average price of $39.30 for $47,160, reducing his holding by 3.29% to 35,272 shares valued at about $1.39 million.
- Earnings and dividend update: Five Star reported quarterly EPS of $0.83 (beating $0.77) with revenue of $40.67M (below $42.58M est.), and raised its quarterly dividend from $0.20 to $0.25 ($1.00 annualized, ~2.5% yield).
- Market and analyst view: The stock trades near $39.48 with a market cap of $844M and a P/E of 13.6, and carries a consensus rating of Moderate Buy with an average price target of $40.00.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) SVP Michael Eugene Lee sold 1,200 shares of the company's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $39.30, for a total transaction of $47,160.00. Following the completion of the sale, the senior vice president owned 35,272 shares of the company's stock, valued at approximately $1,386,189.60. This represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Five Star Bancorp Trading Down 3.1%
NASDAQ:FSBC opened at $39.48 on Tuesday. Five Star Bancorp has a 1 year low of $22.22 and a 1 year high of $42.26. The stock has a market cap of $844.08 million, a price-to-earnings ratio of 13.61 and a beta of 0.52. The stock has a 50-day moving average price of $38.38 and a two-hundred day moving average price of $35.18.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings data on Monday, January 26th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.73% and a net margin of 24.11%.The business had revenue of $40.67 million for the quarter, compared to analysts' expectations of $42.58 million. Sell-side analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.
Five Star Bancorp Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. This is a boost from Five Star Bancorp's previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 2nd. Five Star Bancorp's dividend payout ratio is currently 34.48%.
Institutional Trading of Five Star Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of FSBC. State of Alaska Department of Revenue acquired a new position in Five Star Bancorp during the third quarter valued at approximately $27,000. CWM LLC boosted its holdings in shares of Five Star Bancorp by 375.9% in the 2nd 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 last quarter. Russell Investments Group Ltd. bought a new position in shares of Five Star Bancorp in the second quarter valued at $34,000. Quarry LP acquired a new position in Five Star Bancorp during the third quarter worth $40,000. Finally, Raymond James Financial Inc. acquired a new position in Five Star Bancorp during the second quarter worth $64,000. Institutional investors own 46.94% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on FSBC shares. Stephens cut shares of Five Star Bancorp from an "overweight" rating to an "equal weight" rating and set a $37.00 price objective on the stock. in a research report on Monday, November 10th. Raymond James Financial restated an "outperform" rating and issued a $40.00 price target (up from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Keefe, Bruyette & Woods increased their price objective on Five Star Bancorp from $40.00 to $41.00 and gave the stock a "market perform" rating in a report on Thursday, January 29th. Weiss Ratings reissued a "buy (b-)" rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Finally, DA Davidson boosted their target price on Five Star Bancorp from $43.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.00.
Read Our Latest Research Report on FSBC
About Five Star Bancorp
(
Get Free Report)
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.
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