Key Points
- CEO James Eugene Beckwith sold 4,000 shares on March 9 at an average price of $36.66 for about $146,640, trimming his stake by 0.84% to 473,014 shares, according to an SEC filing.
- The company reported Q EPS of $0.83 (beating estimates) while revenue missed at $40.67M, and it raised its quarterly dividend to $0.25 ($1.00 annualized) for a 2.8% yield.
- Shares traded down 1.7% to $36.18; Five Star Bancorp has a market cap of about $773M, a P/E of 12.47, and an average analyst stance of "Moderate Buy" with a $40 consensus price target.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $36.66, for a total transaction of $146,640.00. Following the completion of the sale, the chief executive officer directly owned 473,014 shares of the company's stock, valued at approximately $17,340,693.24. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Five Star Bancorp Trading Down 1.7%
Shares of FSBC traded down $0.63 during trading hours on Thursday, reaching $36.18. 9,661 shares of the stock traded hands, compared to its average volume of 72,532. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $42.26. The company's 50-day moving average price is $38.82 and its two-hundred day moving average price is $35.79. The company has a market cap of $773.44 million, a P/E ratio of 12.47 and a beta of 0.52.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $40.67 million during the quarter, compared to analyst estimates of $42.58 million. Five Star Bancorp had a return on equity of 14.49% and a net margin of 24.11%. On average, research analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.
Five Star Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Five Star Bancorp's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 2nd. Five Star Bancorp's dividend payout ratio is currently 34.48%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on FSBC. Keefe, Bruyette & Woods lifted their target price on Five Star Bancorp from $40.00 to $41.00 and gave the company a "market perform" rating in a research note on Thursday, January 29th. Weiss Ratings restated a "buy (b-)" rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Finally, DA Davidson lifted their price objective on shares of Five Star Bancorp from $43.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Five Star Bancorp has an average rating of "Moderate Buy" and a consensus price target of $40.00.
Get Our Latest Report on FSBC
Institutional Investors Weigh In On Five Star Bancorp
Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 acquiring an additional 390 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Five Star Bancorp by 3.4% in the 2nd quarter. First Trust Advisors LP now owns 13,816 shares of the company's stock valued at $394,000 after purchasing an additional 458 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Five Star Bancorp by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 14,114 shares of the company's stock valued at $454,000 after purchasing an additional 491 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Five Star Bancorp by 1.9% in the 4th quarter. Swiss National Bank now owns 31,596 shares of the company's stock worth $1,131,000 after purchasing an additional 600 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of Five Star Bancorp in the 3rd quarter worth approximately $27,000. Institutional investors own 46.94% of the company's stock.
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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