Key Points
- Five Star Bancorp SVP Michael Eugene Lee sold 1,641 shares on May 7 at an average price of $41.26, generating $67,707.66 and reducing his ownership by 4.65% to 33,631 shares.
- The stock was trading up 1.2% at $41.74, near its 12-month high of $42.26, with a market cap of $892.4 million and a P/E ratio of 13.25.
- The company recently declared a quarterly dividend of $0.25 per share, payable May 11, which works out to a 2.4% annualized yield.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) SVP Michael Eugene Lee sold 1,641 shares of the firm's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $41.26, for a total value of $67,707.66. Following the completion of the sale, the senior vice president directly owned 33,631 shares in the company, valued at $1,387,615.06. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Michael Eugene Lee also recently made the following trade(s):
- On Friday, February 20th, Michael Eugene Lee sold 1,200 shares of Five Star Bancorp stock. The shares were sold at an average price of $39.30, for a total value of $47,160.00.
Five Star Bancorp Trading Up 1.2%
Shares of NASDAQ FSBC opened at $41.74 on Friday. The company has a market cap of $892.40 million, a price-to-earnings ratio of 13.25 and a beta of 0.54. Five Star Bancorp has a 12 month low of $26.20 and a 12 month high of $42.26. The stock has a 50-day moving average price of $38.96 and a two-hundred day moving average price of $37.61.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its quarterly 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 15.56%. On average, sell-side analysts predict that Five Star Bancorp will post 3.58 earnings per share for the current year.
Five Star Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, May 4th will be given a $0.25 dividend. The ex-dividend date is Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Five Star Bancorp's dividend payout ratio (DPR) is currently 31.75%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on FSBC shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Stephens raised their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods boosted their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the stock a "market perform" rating in a research report on Friday, May 1st. Finally, DA Davidson lifted their price target on Five Star Bancorp from $45.00 to $48.50 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.30.
View Our Latest Report on FSBC
Institutional Trading of Five Star Bancorp
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSBC. Adage Capital Partners GP L.L.C. increased its position in shares of Five Star Bancorp by 75.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company's stock worth $20,388,000 after buying an additional 245,727 shares during the period. Russell Investments Group Ltd. grew its stake in Five Star Bancorp by 4,770.8% in the third quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company's stock valued at $1,892,000 after acquiring an additional 57,536 shares during the period. Kennedy Capital Management LLC increased its holdings in shares of Five Star Bancorp by 14.8% during the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company's stock valued at $15,701,000 after acquiring an additional 56,412 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Five Star Bancorp by 81.1% in the 4th quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company's stock worth $4,449,000 after purchasing an additional 55,698 shares in the last quarter. Finally, Inspire Investing LLC grew its position in Five Star Bancorp by 348.0% in the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company's stock valued at $2,211,000 after purchasing an additional 45,541 shares during the period. Institutional investors and hedge funds 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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