Five Star Bancorp (NASDAQ:FSBC) Sees Significant Increase in Short Interest

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 181,100 shares, a growth of 7.1% from the November 30th total of 169,100 shares. Based on an average daily trading volume, of 38,200 shares, the short-interest ratio is presently 4.7 days. Approximately 1.2% of the shares of the company are sold short.

Insider Activity

In other news, SVP Michael Eugene Lee sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now owns 36,765 shares in the company, valued at $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 25.57% of the company's stock.

Institutional Investors Weigh In On Five Star Bancorp

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. grew its holdings in Five Star Bancorp by 116.5% in the 2nd quarter. American Century Companies Inc. now owns 111,711 shares of the company's stock valued at $2,642,000 after buying an additional 60,118 shares during the period. Davis Asset Management L.P. boosted its holdings in Five Star Bancorp by 3.4% in the second quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company's stock valued at $35,747,000 after acquiring an additional 50,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 89,834 shares during the period. State Street Corp lifted its stake in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company's stock valued at $11,094,000 after purchasing an additional 66,602 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Five Star Bancorp by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company's stock worth $11,221,000 after purchasing an additional 25,374 shares during the period. 46.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on FSBC shares. Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $33.00 to $37.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Raymond James initiated coverage on shares of Five Star Bancorp in a research note on Thursday, December 19th. They set an "outperform" rating and a $38.00 price target on the stock.

Five Star Bancorp Stock Down 1.6 %

NASDAQ FSBC traded down $0.48 during mid-day trading on Thursday, hitting $29.61. The stock had a trading volume of 37,156 shares, compared to its average volume of 47,064. The company has a 50 day simple moving average of $31.91 and a 200 day simple moving average of $29.15. The company has a market cap of $631.26 million, a price-to-earnings ratio of 12.99 and a beta of 0.45. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13.

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

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp's 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.