Insider Buying: Five Star Bancorp (NASDAQ:FSBC) Director Buys $4,250,004.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) Director Larry Eugene Allbaugh bought 96,591 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, with a total value of $4,250,004.00. Following the purchase, the director directly owned 1,101,687 shares of the company’s stock, valued at $48,474,228. The trade was a 9.61% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Five Star Bancorp Trading Up 1.7%

NASDAQ FSBC traded up $0.81 during trading hours on Tuesday, reaching $48.02. 43,577 shares of the company’s stock were exchanged, compared to its average volume of 111,445. The stock has a market cap of $1.03 billion, a PE ratio of 14.22 and a beta of 0.53. Five Star Bancorp has a one year low of $28.34 and a one year high of $50.26. The firm has a fifty day moving average of $45.69 and a 200-day moving average of $41.49.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%.The firm had revenue of $47.95 million during the quarter, compared to the consensus estimate of $47.72 million. As a group, research analysts forecast that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Five Star Bancorp’s payout ratio is currently 29.59%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FSBC. Russell Investments Group Ltd. bought a new position in shares of Five Star Bancorp in the 2nd quarter valued at about $34,000. Quarry LP bought a new stake in shares of Five Star Bancorp during the third quarter worth approximately $40,000. State of Alaska Department of Revenue raised its stake in shares of Five Star Bancorp by 154.6% during the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after buying an additional 1,322 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Five Star Bancorp in the second quarter valued at approximately $64,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Five Star Bancorp by 65.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock valued at $98,000 after buying an additional 1,359 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSBC has been the topic of several research analyst reports. DA Davidson increased their price target on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods upped their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Stephens set a $51.00 price objective on Five Star Bancorp in a research report on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.90.

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.