Five Star Bancorp (NASDAQ:FSBC - Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 209,800 shares, a decline of 7.4% from the September 15th total of 226,600 shares. Based on an average daily trading volume, of 51,900 shares, the short-interest ratio is currently 4.0 days. Currently, 1.4% of the shares of the company are short sold.
Five Star Bancorp Price Performance
FSBC traded up $0.05 on Thursday, reaching $31.30. 32,954 shares of the company's stock were exchanged, compared to its average volume of 48,160. The stock has a market cap of $667.32 million, a PE ratio of 11.90 and a beta of 0.42. Five Star Bancorp has a twelve month low of $18.50 and a twelve month high of $31.79. The stock's fifty day moving average price is $28.95 and its 200-day moving average price is $25.56.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.51 earnings per share for the quarter. The firm had revenue of $30.67 million for the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. As a group, research analysts predict that Five Star Bancorp will post 2.16 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on FSBC. Stephens lifted their target price on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods lifted their target price on shares of Five Star Bancorp from $27.00 to $31.00 and gave the company a "market perform" rating in a research report on Friday, July 26th. Finally, DA Davidson lifted their target price on shares of Five Star Bancorp from $27.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, July 26th.
Check Out Our Latest Report on Five Star Bancorp
Insider Buying and Selling at Five Star Bancorp
In other Five Star Bancorp news, SVP Michael Eugene Lee sold 3,000 shares of Five Star Bancorp stock in a transaction on Monday, July 29th. The shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the transaction, the senior vice president now owns 38,265 shares of the company's stock, valued at approximately $1,113,128.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 4,000 shares of company stock valued at $116,340. Corporate insiders own 25.57% of the company's stock.
Hedge Funds Weigh In On Five Star Bancorp
A number of institutional investors and hedge funds have recently bought and sold shares of FSBC. Acadian Asset Management LLC acquired a new position in Five Star Bancorp during the second quarter worth about $124,000. SG Americas Securities LLC purchased a new position in Five Star Bancorp during the third quarter worth about $182,000. Inspire Investing LLC purchased a new position in Five Star Bancorp during the third quarter worth about $414,000. Interval Partners LP purchased a new position in Five Star Bancorp during the first quarter worth about $450,000. Finally, Swiss National Bank raised its stake in Five Star Bancorp by 8.3% during the first quarter. Swiss National Bank now owns 22,096 shares of the company's stock worth $497,000 after purchasing an additional 1,700 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.
Five Star Bancorp Company Profile
(
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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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