Five Star Bancorp (NASDAQ:FSBC - Get Free Report) Director Donna Lucas bought 1,136 shares of the business's stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, with a total value of $49,984.00. Following the transaction, the director owned 14,254 shares in the company, valued at approximately $627,176. The trade was a 8.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Five Star Bancorp Stock Performance
Shares of NASDAQ:FSBC opened at $47.83 on Wednesday. The company has a market cap of $1.02 billion, a P/E ratio of 14.15 and a beta of 0.53. The stock's 50-day moving average is $45.83 and its 200-day moving average is $41.57. Five Star Bancorp has a 52-week low of $28.34 and a 52-week high of $50.26.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%.The business had revenue of $47.95 million for the quarter, compared to analyst estimates of $47.72 million. As a group, equities analysts predict that Five Star Bancorp will post 3.58 EPS for the current year.
Five Star Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd. Five Star Bancorp's payout ratio is currently 29.59%.
Key Headlines Impacting Five Star Bancorp
Here are the key news stories impacting Five Star Bancorp this week:
- Positive Sentiment: Multiple directors made significant open-market purchases. Five Star Bancorp directors collectively bought 142,727 shares for approximately $6.28 million at an average price of $44 per share. The largest purchase came from Larry Eugene Allbaugh, who bought 96,591 shares for about $4.25 million. Robert Truxtun Perry-Smith also purchased 31,363 shares, while four other directors made additional purchases. The transactions increased their respective holdings and may strengthen investor confidence in management’s outlook. SEC insider transaction filing
- Positive Sentiment: The company completed the full exercise of the underwriters’ overallotment option. Including the original offering, Five Star Bancorp sold 3,133,750 shares at $44 each and expects approximately $130.6 million in net proceeds before offering expenses. Management plans to use the funds for general corporate purposes, working capital, investments in Five Star Bank and potential growth opportunities. Offering closing announcement
- Negative Sentiment: The public offering creates near-term dilution. Issuing more than 3.1 million shares increases the company’s share count, which can dilute existing shareholders and potentially weigh on per-share metrics. However, the dilution is partially offset by the added capital, which could support loan growth and future earnings.
Hedge Funds Weigh In On Five Star Bancorp
Large investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. grew its holdings in shares of Five Star Bancorp by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company's stock worth $72,182,000 after purchasing an additional 18,668 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Five Star Bancorp by 1.7% during the third quarter. Vanguard Group Inc. now owns 901,158 shares of the company's stock valued at $29,017,000 after purchasing an additional 15,183 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Five Star Bancorp by 75.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company's stock valued at $20,388,000 after purchasing an additional 245,727 shares in the last quarter. Kennedy Capital Management LLC lifted its position in Five Star Bancorp by 14.8% in the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company's stock worth $15,701,000 after purchasing an additional 56,412 shares during the period. Finally, Geode Capital Management LLC lifted its position in Five Star Bancorp by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 399,166 shares of the company's stock worth $14,285,000 after purchasing an additional 5,038 shares during the period. Institutional investors and hedge funds own 46.94% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on FSBC. Stephens set a $51.00 price objective on Five Star Bancorp in a research report on Monday. DA Davidson boosted their target price on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a "buy (b)" rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Finally, Keefe, Bruyette & Woods increased their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a "market perform" rating in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.90.
Check Out Our Latest Analysis on Five Star Bancorp
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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