Five Star Bancorp (NASDAQ:FSBC) Short Interest Down 5.5% in November

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 169,100 shares, a decrease of 5.5% from the November 15th total of 178,900 shares. Based on an average daily volume of 39,900 shares, the short-interest ratio is presently 4.2 days. Currently, 1.1% of the shares of the stock are short sold.

Insider Transactions at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,500 shares of the business's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total value of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares of the company's stock, valued at approximately $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.57% of the company's stock.

Institutional Trading of Five Star Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company's stock worth $3,997,000 after buying an additional 89,834 shares during the period. State Street Corp increased its position in shares of Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company's stock worth $11,094,000 after acquiring an additional 66,602 shares during the period. American Century Companies Inc. increased its position in shares of Five Star Bancorp by 116.5% during the second quarter. American Century Companies Inc. now owns 111,711 shares of the company's stock worth $2,642,000 after acquiring an additional 60,118 shares during the period. Davis Asset Management L.P. grew its position in shares of Five Star Bancorp by 3.4% during the 2nd quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company's stock worth $35,747,000 after buying an additional 50,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Five Star Bancorp by 32.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company's stock valued at $3,797,000 after purchasing an additional 39,256 shares during the period. 46.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price objective on Five Star Bancorp from $33.00 to $37.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th.

Five Star Bancorp Stock Down 1.6 %

FSBC traded down $0.52 on Tuesday, hitting $32.49. The company had a trading volume of 35,882 shares, compared to its average volume of 46,700. The business's fifty day simple moving average is $31.88 and its 200 day simple moving average is $28.61. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13. The company has a market cap of $692.65 million, a PE ratio of 14.25 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). The company had revenue of $54.05 million for the quarter. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, analysts anticipate that Five Star Bancorp will post 2.19 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.46%. Five Star Bancorp's dividend payout ratio is 35.09%.

About Five Star Bancorp

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.