Key Points
- CEO James Eugene Beckwith sold 6,428 shares of Five Star Bancorp on May 20 at an average price of $41.23, for total proceeds of $265,026.44. After the sale, he still directly owned 466,586 shares valued at about $19.24 million.
- This was not his only recent sale: Beckwith also sold 4,000 shares on March 9 for $146,640, indicating continued insider selling activity.
- FSBC remains near its high end, with the stock recently opening at $41.96 versus a 52-week range of $26.20 to $42.48. Analysts currently view it as a Moderate Buy with an average price target of $42.30.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) CEO James Eugene Beckwith sold 6,428 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $41.23, for a total value of $265,026.44. Following the completion of the transaction, the chief executive officer directly owned 466,586 shares of the company's stock, valued at $19,237,340.78. This represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
James Eugene Beckwith also recently made the following trade(s):
- On Monday, March 9th, James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock. The shares were sold at an average price of $36.66, for a total value of $146,640.00.
Five Star Bancorp Price Performance
Five Star Bancorp stock opened at $41.96 on Friday. The business has a 50 day moving average of $39.53 and a 200-day moving average of $38.04. Five Star Bancorp has a 1 year low of $26.20 and a 1 year high of $42.48. The company has a market capitalization of $896.94 million, a P/E ratio of 13.32 and a beta of 0.54.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%.The business had revenue of $43.47 million for the quarter. Equities analysts anticipate that Five Star Bancorp will post 3.58 EPS for the current year.
Five Star Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were issued a $0.25 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.00 annualized dividend and a yield of 2.4%. Five Star Bancorp's dividend payout ratio is presently 31.75%.
Hedge Funds Weigh In On Five Star Bancorp
A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in shares of Five Star Bancorp in the 3rd quarter worth $27,000. Russell Investments Group Ltd. bought a new position in shares of Five Star Bancorp in the 2nd quarter worth $34,000. Quarry LP bought a new position in shares of Five Star Bancorp in the 3rd quarter worth $40,000. Raymond James Financial Inc. bought a new position in shares of Five Star Bancorp in the 2nd quarter worth $64,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Five Star Bancorp by 65.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company's stock worth $98,000 after purchasing an additional 1,359 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
FSBC has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company a "market perform" rating in a report on Friday, May 1st. DA Davidson upped their target price on Five Star Bancorp from $45.00 to $48.50 and gave the company a "buy" rating in a report on Wednesday, April 29th. Finally, Stephens upped their target price 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.30.
Check Out Our Latest 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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