Five Star Bancorp (NASDAQ:FSBC) Director Donna Lucas Purchases 1,136 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) Director Donna Lucas purchased 1,136 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average cost of $44.00 per share, for a total transaction of $49,984.00. Following the completion of the purchase, the director directly owned 14,254 shares of the company’s stock, valued at $627,176. The trade was a 8.66% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Five Star Bancorp Trading Up 1.3%

Shares of NASDAQ:FSBC opened at $47.83 on Wednesday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 14.15 and a beta of 0.53. Five Star Bancorp has a 1 year low of $28.34 and a 1 year high of $50.26. The business has a fifty day simple moving average of $45.83 and a 200 day simple moving average of $41.57.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $47.72 million. On average, sell-side analysts forecast that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, August 3rd. Five Star Bancorp’s payout ratio is currently 29.59%.

Institutional Trading of Five Star Bancorp

Several large investors have recently made changes to their positions in FSBC. Russell Investments Group Ltd. acquired a new position in shares of Five Star Bancorp during the 2nd quarter valued at about $34,000. Quarry LP bought a new position in shares of Five Star Bancorp in the 3rd quarter valued at approximately $40,000. State of Alaska Department of Revenue grew its holdings in 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 valued at $77,000 after purchasing an additional 1,322 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Five Star Bancorp during the second quarter valued at approximately $64,000. Finally, Tower Research Capital LLC TRC raised its position in shares of 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 purchasing an additional 1,359 shares during the period. Institutional investors own 46.94% of the company’s stock.

Wall Street Analyst Weigh In

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

More Five Star Bancorp News

Here are the key news stories impacting Five Star Bancorp this week:

• Positive Sentiment: Multiple directors made significant open-market purchases. Five Star Bancorp directors collectively bought 142,727 shares for approximately $6.28 million at an average price of $44 per share. The largest purchase came from Larry Eugene Allbaugh, who bought 96,591 shares for about $4.25 million. Robert Truxtun Perry-Smith also purchased 31,363 shares, while four other directors made additional purchases. The transactions increased their respective holdings and may strengthen investor confidence in management’s outlook. SEC insider transaction filing
• Positive Sentiment: The company completed the full exercise of the underwriters’ overallotment option. Including the original offering, Five Star Bancorp sold 3,133,750 shares at $44 each and expects approximately $130.6 million in net proceeds before offering expenses. Management plans to use the funds for general corporate purposes, working capital, investments in Five Star Bank and potential growth opportunities. Offering closing announcement
• Negative Sentiment: The public offering creates near-term dilution. Issuing more than 3.1 million shares increases the company’s share count, which can dilute existing shareholders and potentially weigh on per-share metrics. However, the dilution is partially offset by the added capital, which could support loan growth and future earnings.

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.