Insider Selling: Five Star Bancorp (NASDAQ:FSBC) EVP Sells 641 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) EVP Michael Anthony Rizzo sold 641 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $37.28, for a total transaction of $23,896.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Five Star Bancorp Trading Down 0.1%

NASDAQ:FSBC traded down $0.02 during trading hours on Tuesday, reaching $37.75. 20,950 shares of the company were exchanged, compared to its average volume of 53,170. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $38.09. The stock’s 50-day moving average is $34.43 and its 200-day moving average is $31.89. The firm has a market cap of $806.72 million, a PE ratio of 13.98 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. Five Star Bancorp had a return on equity of 13.88% and a net margin of 23.18%.The firm had revenue of $41.31 million for the quarter, compared to analyst estimates of $40.34 million. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, research analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, November 3rd. Five Star Bancorp’s payout ratio is currently 29.63%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FSBC. Keefe, Bruyette & Woods boosted their price target on shares of Five Star Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th. DA Davidson set a $43.00 price objective on Five Star Bancorp in a research report on Wednesday, October 29th. Janney Montgomery Scott began coverage on Five Star Bancorp in a research note on Friday, October 10th. They issued a “buy” rating and a $37.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating and set a $40.00 price objective (up from $34.00) on shares of Five Star Bancorp in a research report on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.40.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Five Star Bancorp by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 862,647 shares of the company’s stock worth $23,982,000 after buying an additional 22,505 shares in the last quarter. Deutsche Bank AG boosted its holdings in Five Star Bancorp by 41.1% in the first quarter. Deutsche Bank AG now owns 10,391 shares of the company’s stock valued at $289,000 after purchasing an additional 3,025 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Five Star Bancorp by 32.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,358 shares of the company’s stock worth $316,000 after purchasing an additional 2,765 shares in the last quarter. Invesco Ltd. grew its stake in Five Star Bancorp by 4.1% during the 1st quarter. Invesco Ltd. now owns 360,777 shares of the company’s stock worth $10,030,000 after purchasing an additional 14,126 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Five Star Bancorp during the 1st quarter worth about $1,233,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.