Brett Levi Wait Sells 1,640 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 1,640 shares of Five Star Bancorp stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $42.27, for a total transaction of $69,322.80. Following the completion of the sale, the senior vice president owned 16,873 shares of the company’s stock, valued at $713,221.71. This trade represents a 8.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brett Levi Wait also recently made the following trade(s):

• On Thursday, May 14th, Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock. The stock was sold at an average price of $41.11, for a total transaction of $106,187.13.

Five Star Bancorp Price Performance

Five Star Bancorp stock traded down $0.27 during midday trading on Wednesday, hitting $42.08. The company’s stock had a trading volume of 44,956 shares, compared to its average volume of 82,635. Five Star Bancorp has a 1-year low of $26.20 and a 1-year high of $42.74. The company has a 50-day moving average price of $39.75 and a two-hundred day moving average price of $38.17. The company has a market cap of $899.50 million, a price-to-earnings ratio of 13.36 and a beta of 0.54.

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

Five Star Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Five Star Bancorp by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after purchasing an additional 390 shares during the period. Jane Street Group LLC acquired a new position in shares of Five Star Bancorp during the 1st quarter valued at $889,000. Russell Investments Group Ltd. acquired a new position in shares of Five Star Bancorp during the 2nd quarter valued at $34,000. First Trust Advisors LP lifted its position in shares of Five Star Bancorp by 3.4% during the 2nd 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 period. Finally, Marshall Wace LLP acquired a new position in shares of Five Star Bancorp during the 2nd quarter valued at $509,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

Analysts Set New Price Targets

FSBC has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. DA Davidson lifted their price target on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Stephens lifted their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. 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, Five Star Bancorp currently has an average rating of “Moderate Buy” and an average price target of $42.30.

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.