Five Star Bancorp (NASDAQ:FSBC - Get Free Report) saw strong trading volume on Tuesday . 121,698 shares were traded during trading, an increase of 127% from the previous session's volume of 53,577 shares.The stock last traded at $28.64 and had previously closed at $28.36.
Wall Street Analyst Weigh In
FSBC has been the subject of a number of recent research reports. Stephens reissued an "overweight" rating and issued a $37.00 price objective on shares of Five Star Bancorp in a research note on Tuesday, January 28th. DA Davidson restated a "buy" rating and issued a $38.50 price target on shares of Five Star Bancorp in a research report on Thursday, January 30th. Keefe, Bruyette & Woods cut their price target on shares of Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Thursday, January 30th. Finally, Raymond James reissued an "outperform" rating and issued a $35.00 price objective (down previously from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th.
Read Our Latest Report on FSBC
Five Star Bancorp Price Performance
The firm has a fifty day moving average of $29.89 and a two-hundred day moving average of $30.52. The stock has a market capitalization of $592.31 million, a P/E ratio of 12.18 and a beta of 0.48.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its earnings results on Monday, January 27th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. As a group, sell-side analysts forecast that Five Star Bancorp will post 2.63 EPS for the current fiscal year.
Five Star Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Monday, February 3rd. Five Star Bancorp's payout ratio is 35.09%.
Insider Buying and Selling
In other Five Star Bancorp news, 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 transaction of $121,000.00. Following the transaction, the chief executive officer now directly owns 476,381 shares of the company's stock, valued at $14,410,525.25. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donna Lucas acquired 2,650 shares of the stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 12,076 shares in the company, valued at $343,320.68. The trade was a 28.11 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 25.57% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Five Star Bancorp by 91.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company's stock worth $90,000 after buying an additional 1,427 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Five Star Bancorp in the fourth quarter valued at approximately $228,000. Millennium Management LLC purchased a new stake in shares of Five Star Bancorp in the 4th quarter valued at $862,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Five Star Bancorp by 6.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,514 shares of the company's stock worth $286,000 after purchasing an additional 564 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Five Star Bancorp by 43.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 16,661 shares of the company's stock worth $501,000 after purchasing an additional 5,022 shares during the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.
About Five Star Bancorp
(
Get Free Report)
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.
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