Insider Selling: Five Star Bancorp (NASDAQ:FSBC) CEO Sells 6,428 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 6,428 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total value of $265,026.44. Following the transaction, the chief executive officer directly owned 466,586 shares of the company’s stock, valued at approximately $19,237,340.78. The trade was a 1.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

James Eugene Beckwith also recently made the following trade(s):

• On Monday, March 9th, James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock. The stock was sold at an average price of $36.66, for a total value of $146,640.00.

Five Star Bancorp Trading Down 0.1%

NASDAQ FSBC traded down $0.04 during trading on Friday, hitting $41.96. 108,979 shares of the company’s stock were exchanged, compared to its average volume of 83,048. The company has a market cap of $897.10 million, a PE ratio of 13.32 and a beta of 0.54. Five Star Bancorp has a fifty-two week low of $26.20 and a fifty-two week high of $42.48. The stock’s 50 day moving average price is $39.42 and its two-hundred day moving average price is $38.02.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. The firm had revenue of $43.47 million during the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. Analysts forecast that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after buying an additional 390 shares during the period. First Trust Advisors LP boosted its holdings in Five Star Bancorp by 3.4% in the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after acquiring an additional 458 shares during the last quarter. Swiss National Bank boosted its holdings in Five Star Bancorp by 1.9% in the fourth quarter. Swiss National Bank now owns 31,596 shares of the company’s stock valued at $1,131,000 after acquiring an additional 600 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Five Star Bancorp in the third quarter valued at approximately $27,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Five Star Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 139,221 shares of the company’s stock valued at $4,981,000 after acquiring an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FSBC shares. Keefe, Bruyette & Woods upped their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Stephens upped their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. DA Davidson upped their price objective on Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Five Star Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $42.30.

Five Star Bancorp Company Profile

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.