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

Five Star Bancorp (NASDAQ:FSBC) Director Larry Eugene Allbaugh purchased 96,591 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, for a total transaction of $4,250,004.00. Following the completion of the transaction, the director directly owned 1,101,687 shares of the company’s stock, valued at $48,474,228. This represents a 9.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $47.24 on Friday. Five Star Bancorp has a fifty-two week low of $28.34 and a fifty-two week high of $50.26. The stock has a market cap of $1.01 billion, a PE ratio of 13.98 and a beta of 0.53. The firm’s 50-day simple moving average is $46.05 and its 200 day simple moving average is $41.71.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results 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 company had revenue of $47.95 million during the quarter, compared to analyst estimates of $47.72 million. As a group, analysts predict that Five Star Bancorp will post 3.5 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors have recently added to or reduced their stakes in FSBC. Bank of America Corp DE increased its stake in shares of Five Star Bancorp by 59.6% in the first quarter. Bank of America Corp DE now owns 22,491 shares of the company’s stock worth $848,000 after purchasing an additional 8,402 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Five Star Bancorp by 123.6% during the 1st quarter. Quantinno Capital Management LP now owns 15,956 shares of the company’s stock valued at $602,000 after buying an additional 8,821 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Five Star Bancorp by 32.2% during the 1st quarter. Sei Investments Co. now owns 25,886 shares of the company’s stock valued at $976,000 after buying an additional 6,299 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Five Star Bancorp by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after buying an additional 34,396 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its holdings in Five Star Bancorp by 24.9% in the 1st quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock worth $5,857,000 after buying an additional 30,936 shares during the period. 46.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. DA Davidson increased their target price on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday. Stephens set a $51.00 price target on shares of Five Star Bancorp in a report on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.20.

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.