Key Points
- Five Star Bancorp SVP Brett Levi Wait sold 1,640 shares on May 26 at an average price of $42.27, totaling $69,322.80. After the sale, he still held 16,873 shares valued at about $713,222.
- Wait also sold 2,583 shares on May 14 for $106,187.13, indicating a recent pattern of insider selling in the stock.
- The company recently paid a quarterly dividend of $0.25 per share, equal to a 2.4% annualized yield. Analysts currently rate the stock a Moderate Buy with an average price target of $42.30.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) SVP Brett Levi Wait sold 1,640 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $42.27, for a total transaction of $69,322.80. Following the completion of the transaction, the senior vice president owned 16,873 shares in the company, valued at approximately $713,221.71. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Brett Levi Wait also recently made the following trade(s):
- On Thursday, May 14th, Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock. The stock was sold at an average price of $41.11, for a total transaction of $106,187.13.
Five Star Bancorp Price Performance
Shares of Five Star Bancorp stock opened at $42.20 on Thursday. Five Star Bancorp has a 1 year low of $26.20 and a 1 year high of $42.74. The firm's 50-day moving average is $39.85 and its two-hundred day moving average is $38.22. The stock has a market cap of $902.24 million, a price-to-earnings ratio of 13.40 and a beta of 0.54.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its earnings results on Friday, February 27th. The company reported $0.83 earnings per share (EPS) for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. The company had revenue of $43.47 million for the quarter. On average, equities analysts expect that Five Star Bancorp will post 3.58 earnings per share for the current year.
Five Star Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Shareholders 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 dividend on an annualized basis and a yield of 2.4%. Five Star Bancorp's dividend payout ratio (DPR) is presently 31.75%.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. DA Davidson raised their price objective on Five Star Bancorp from $45.00 to $48.50 and gave the company a "buy" rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $41.00 to $43.00 and gave the stock a "market perform" rating in a report on Friday, May 1st. Finally, Stephens boosted their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.30.
Read Our Latest Report on Five Star Bancorp
Institutional Trading of Five Star Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Five Star Bancorp by 59.6% in the 1st quarter. Bank of America Corp DE now owns 22,491 shares of the company's stock valued at $848,000 after buying an additional 8,402 shares during the period. Quantinno Capital Management LP raised its holdings in Five Star Bancorp by 123.6% in the 1st quarter. Quantinno Capital Management LP now owns 15,956 shares of the company's stock valued at $602,000 after buying an additional 8,821 shares during the period. Sei Investments Co. raised its holdings in Five Star Bancorp by 32.2% in the 1st quarter. Sei Investments Co. now owns 25,886 shares of the company's stock valued at $976,000 after buying an additional 6,299 shares during the period. Dimensional Fund Advisors LP raised its holdings in Five Star Bancorp by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company's stock valued at $12,143,000 after buying an additional 34,396 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in Five Star Bancorp by 24.9% in the 1st quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company's stock valued at $5,857,000 after buying an additional 30,936 shares during the period. 46.94% of the stock is currently owned by hedge funds and other institutional investors.
Five Star Bancorp Company Profile
(
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.
Further Reading
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