Five Star Bancorp (NASDAQ:FSBC) SVP Sells $69,322.80 in Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 1,640 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $42.27, for a total transaction of $69,322.80. Following the transaction, the senior vice president owned 16,873 shares in the company, valued at $713,221.71. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brett Levi Wait also recently made the following trade(s):

• On Thursday, May 14th, Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock. The shares were sold at an average price of $41.11, for a total transaction of $106,187.13.

Five Star Bancorp Stock Down 0.0%

FSBC stock opened at $42.23 on Friday. The firm’s fifty day simple moving average is $40.09 and its two-hundred day simple moving average is $38.30. The stock has a market capitalization of $902.71 million, a price-to-earnings ratio of 13.41 and a beta of 0.54. Five Star Bancorp has a twelve month low of $26.20 and a twelve month high of $42.74.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. The firm had revenue of $43.47 million for the quarter. As a group, equities research analysts expect that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Five Star Bancorp’s dividend payout ratio is 31.75%.

Analyst Upgrades and Downgrades

FSBC has been the subject of several analyst reports. Stephens increased their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. DA Davidson increased their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Five Star Bancorp by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after purchasing an additional 390 shares in the last quarter. Jane Street Group LLC purchased a new position in Five Star Bancorp in the 1st quarter valued at $889,000. Russell Investments Group Ltd. purchased a new position in Five Star Bancorp in the 2nd quarter valued at $34,000. First Trust Advisors LP lifted its holdings in Five Star Bancorp by 3.4% in the 2nd quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after purchasing an additional 458 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Five Star Bancorp in the 2nd quarter valued at $509,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.