Five Star Bancorp (NASDAQ:FSBC - Get Free Report) EVP Lydia Ramirez-Medina sold 4,307 shares of the business's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $44.92, for a total transaction of $193,470.44. Following the completion of the sale, the executive vice president owned 9,368 shares in the company, valued at approximately $420,810.56. The trade was a 31.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Five Star Bancorp Stock Down 1.1%
FSBC opened at $44.83 on Wednesday. The firm has a 50-day simple moving average of $44.39 and a two-hundred day simple moving average of $42.85. Five Star Bancorp has a 52 week low of $32.20 and a 52 week high of $50.26. The company has a market capitalization of $1.10 billion, a PE ratio of 12.70 and a beta of 0.49.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.07. Five Star Bancorp had a return on equity of 16.89% and a net margin of 26.58%. The firm had revenue of $52.62 million during the quarter, compared to analyst estimates of $51.31 million. As a group, sell-side analysts expect that Five Star Bancorp will post 3.55 earnings per share for the current year.
Five Star Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Five Star Bancorp's dividend payout ratio is presently 28.33%.
Analyst Upgrades and Downgrades
FSBC has been the subject of several research analyst reports. Stephens cut their price target on Five Star Bancorp from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday. Weiss Ratings cut Five Star Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, September 21st. Zacks Research upgraded Five Star Bancorp from a "strong sell" rating to a "hold" rating in a research report on Friday, August 28th. Finally, DA Davidson reiterated a "buy" rating and set a $55.00 target price on shares of Five Star Bancorp in a research report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Five Star Bancorp presently has a consensus rating of "Hold" and an average target price of $49.00.
Check Out Our Latest Report on FSBC
Hedge Funds Weigh In On Five Star Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in FSBC. Nisa Investment Advisors LLC increased its holdings in shares of Five Star Bancorp by 96.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,462 shares of the company's stock worth $62,000 after buying an additional 716 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Five Star Bancorp during the 2nd quarter valued at about $417,000. Squarepoint Ops LLC purchased a new stake in shares of Five Star Bancorp during the 2nd quarter valued at about $1,994,000. Arizona State Retirement System bought a new position in shares of Five Star Bancorp in the 2nd quarter valued at about $201,000. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in shares of Five Star Bancorp by 11.9% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 7,547 shares of the company's stock valued at $367,000 after acquiring an additional 800 shares during the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.
Five Star Bancorp Company Profile
(
Get Free Report)
Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.
Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.
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