Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait Sells 2,583 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 2,583 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $41.11, for a total value of $106,187.13. Following the sale, the senior vice president owned 17,608 shares in the company, valued at approximately $723,864.88. This represents a 12.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Five Star Bancorp Trading Down 1.3%

FSBC opened at $40.39 on Friday. Five Star Bancorp has a 1-year low of $26.20 and a 1-year high of $42.26. The stock’s fifty day simple moving average is $39.13 and its 200 day simple moving average is $37.85. The stock has a market cap of $863.54 million, a PE ratio of 12.82 and a beta of 0.54.

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

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, May 4th. Five Star Bancorp’s dividend payout ratio is 31.75%.

Analysts Set New Price Targets

FSBC has been the topic of a number of research analyst reports. Stephens increased their price target 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. Keefe, Bruyette & Woods increased their price target 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. DA Davidson increased their price target 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 report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Five Star Bancorp has an average rating of “Moderate Buy” and a consensus price target of $42.30.

Institutional Trading of Five Star Bancorp

Several large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 in the last quarter. First Trust Advisors LP boosted its stake 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 buying an additional 458 shares in the last quarter. Swiss National Bank boosted its stake 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 buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Five Star Bancorp in the third quarter valued at about $27,000. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 1,036 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

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.