Key Points
- Insider sale: Five Star Bancorp SVP Brett Levi Wait sold 2,583 shares on May 14 at an average price of $41.11, totaling about $106,187. After the transaction, he still owned 17,608 shares.
- Stock and valuation: FSBC was trading around $40.39, down 1.3% on the day, with a market cap of about $863.5 million and a 12.82 P/E ratio. The stock has traded between $26.20 and $42.26 over the past year.
- Fundamentals and outlook: The company reported quarterly EPS of $0.83 on revenue of $43.47 million, and it recently paid a quarterly dividend of $0.25 per share, yielding 2.5% annually. Analysts currently rate the stock a Moderate Buy with a consensus price target of $42.30.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) SVP Brett Levi Wait sold 2,583 shares of the firm's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.11, for a total value of $106,187.13. Following the completion of the sale, the senior vice president directly owned 17,608 shares in the company, valued at $723,864.88. This trade represents a 12.79% 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.
Five Star Bancorp Stock Down 1.3%
NASDAQ:FSBC opened at $40.39 on Friday. The stock's 50-day simple moving average is $39.13 and its 200 day simple moving average is $37.85. The firm has a market capitalization of $863.54 million, a PE ratio of 12.82 and a beta of 0.54. Five Star Bancorp has a twelve month low of $26.20 and a twelve month high of $42.26.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The business had revenue of $43.47 million for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. On average, analysts anticipate that Five Star Bancorp will post 3.58 EPS for the current fiscal year.
Five Star Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, May 4th. Five Star Bancorp's dividend payout ratio (DPR) is presently 31.75%.
Institutional Trading of Five Star Bancorp
Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in shares of Five Star Bancorp during the third quarter worth about $27,000. Russell Investments Group Ltd. bought a new position in shares of Five Star Bancorp during the second quarter worth about $34,000. Quarry LP bought a new position in shares of Five Star Bancorp during the third quarter worth about $40,000. Raymond James Financial Inc. bought a new position in shares of Five Star Bancorp during the second quarter worth about $64,000. Finally, CWM LLC raised 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 during the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have recently commented on FSBC. Weiss Ratings reissued a "buy (b-)" rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company a "market perform" rating in a research note on Friday, May 1st. Stephens lifted their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 29th. 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.30.
Read Our Latest Stock Analysis 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
