Five Star Bancorp (NASDAQ:FSBC) Sees Unusually-High Trading Volume - Still a Buy?

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) saw strong trading volume on Monday . 54,828 shares traded hands during mid-day trading, an increase of 1% from the previous session's volume of 54,550 shares.The stock last traded at $25.96 and had previously closed at $25.19.

Wall Street Analyst Weigh In

FSBC has been the subject of a number of recent research reports. DA Davidson reiterated a "buy" rating and set a $38.50 price objective on shares of Five Star Bancorp in a research note on Thursday, January 30th. Raymond James reiterated an "outperform" rating and issued a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their price objective on shares of Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating on the stock in a research report on Thursday, January 30th. Finally, Stephens reaffirmed an "overweight" rating and issued a $37.00 target price on shares of Five Star Bancorp in a report on Tuesday, January 28th.

Five Star Bancorp Stock Up 0.8 %

The firm's fifty day moving average price is $28.43 and its 200 day moving average price is $30.11. The stock has a market cap of $563.30 million, a PE ratio of 11.58 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. As a group, analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Donna Lucas bought 2,650 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the acquisition, the director now owns 12,076 shares in the company, valued at $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. Following the sale, the chief executive officer now owns 476,381 shares in the company, valued at $14,410,525.25. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 25.57% of the company's stock.

Institutional Trading of Five Star Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSBC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Five Star Bancorp by 25.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company's stock worth $667,000 after acquiring an additional 4,564 shares during the last quarter. State Street Corp grew its holdings in shares of Five Star Bancorp by 21.7% in the third quarter. State Street Corp now owns 373,173 shares of the company's stock worth $11,094,000 after purchasing an additional 66,602 shares during the last quarter. Barclays PLC lifted its holdings in Five Star Bancorp by 332.1% during the 3rd quarter. Barclays PLC now owns 25,112 shares of the company's stock valued at $746,000 after buying an additional 19,301 shares in the last quarter. Geode Capital Management LLC boosted its position in Five Star Bancorp by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company's stock valued at $11,221,000 after buying an additional 25,374 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Five Star Bancorp by 81.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company's stock worth $698,000 after acquiring an additional 10,547 shares in the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

Five Star Bancorp Company Profile

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.