Five Star Bancorp (NASDAQ:FSBC - Get Free Report) CEO James Eugene Beckwith sold 4,000 shares of the business's 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 sale, the chief executive officer now owns 476,381 shares of the company's stock, valued at approximately $14,410,525.25. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Five Star Bancorp Trading Down 1.0 %
Shares of FSBC stock traded down $0.30 during trading hours on Monday, hitting $30.16. The company's stock had a trading volume of 11,989 shares, compared to its average volume of 42,671. The stock has a market cap of $642.92 million, a PE ratio of 13.23 and a beta of 0.48. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13. The company has a 50 day moving average of $30.44 and a 200 day moving average of $30.54.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The company reported $0.63 EPS for the quarter, topping the consensus estimate 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.
Five Star Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.20 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. Five Star Bancorp's dividend payout ratio (DPR) is presently 35.09%.
Institutional Investors Weigh In On Five Star Bancorp
A number of large investors have recently modified their holdings of FSBC. BNP Paribas Financial Markets purchased a new position in Five Star Bancorp during the fourth quarter worth approximately $60,000. Public Employees Retirement System of Ohio lifted its stake in shares of Five Star Bancorp by 91.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company's stock valued at $90,000 after purchasing an additional 1,427 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Five Star Bancorp in the 4th quarter valued at about $108,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Five Star Bancorp in the third quarter valued at about $109,000. Finally, Intech Investment Management LLC purchased a new position in Five Star Bancorp during the fourth quarter worth about $217,000. Hedge funds and other institutional investors own 46.94% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on FSBC. Keefe, Bruyette & Woods reduced their target price on shares of Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Thursday, January 30th. DA Davidson restated a "buy" rating and set a $38.50 target price on shares of Five Star Bancorp in a research report on Thursday, January 30th. Raymond James reissued an "outperform" rating and set a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th. Finally, Stephens restated an "overweight" rating and set a $37.00 price objective on shares of Five Star Bancorp in a report on Tuesday, January 28th.
Read Our Latest Analysis on FSBC
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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