Insider Selling: Five Star Bancorp (NASDAQ:FSBC) CEO Sells 6,429 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 6,429 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $27.74, for a total transaction of $178,340.46. Following the completion of the sale, the chief executive officer now owns 469,952 shares of the company’s stock, valued at $13,036,468.48. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $28.05 on Friday. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $35.13. The firm’s 50-day simple moving average is $27.50 and its 200 day simple moving average is $29.31. The stock has a market cap of $598.28 million, a PE ratio of 12.30 and a beta of 0.51.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. The business had revenue of $35.34 million for the quarter, compared to analyst estimates of $35.27 million. As a group, analysts predict that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Monday, May 5th. Five Star Bancorp’s payout ratio is 35.09%.

Hedge Funds Weigh In On Five Star Bancorp

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of Five Star Bancorp during the fourth quarter worth $60,000. GAMMA Investing LLC boosted its stake in Five Star Bancorp by 8,240.7% in the 1st quarter. GAMMA Investing LLC now owns 2,252 shares of the company’s stock worth $63,000 after purchasing an additional 2,225 shares during the period. Public Employees Retirement System of Ohio boosted its stake in 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 worth $90,000 after purchasing an additional 1,427 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Five Star Bancorp during the 4th quarter valued at about $108,000. Finally, AlphaQuest LLC bought a new stake in shares of Five Star Bancorp during the first quarter valued at about $212,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Analyst Upgrades and Downgrades

FSBC has been the subject of several recent research reports. DA Davidson decreased their price objective on Five Star Bancorp from $38.50 to $37.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Raymond James decreased their price objective on Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Citigroup restated an “outperform” rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Five Star Bancorp has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.