Insider Buying: Five Star Bancorp (NASDAQ:FSBC) Director Acquires 5,682 Shares

Five Star Bancorp (NASDAQ:FSBC) Director Kevin Francis Ramos bought 5,682 shares of Five Star Bancorp stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the acquisition, the director directly owned 177,546 shares of the company’s stock, valued at $7,812,024. The trade was a 3.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Five Star Bancorp Price Performance

FSBC stock traded up $0.74 during trading on Tuesday, reaching $47.95. 82,790 shares of the stock traded hands, compared to its average volume of 111,788. The firm has a market capitalization of $1.03 billion, a PE ratio of 14.19 and a beta of 0.53. The business’s 50 day moving average price is $45.69 and its 200-day moving average price is $41.49. Five Star Bancorp has a 52-week low of $28.34 and a 52-week high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $47.95 million for the quarter, compared to the consensus estimate of $47.72 million. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%. On average, equities research analysts predict that Five Star Bancorp will post 3.58 earnings per share for the current year.

Five Star Bancorp Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its position in shares of Five Star Bancorp by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock worth $72,182,000 after acquiring an additional 18,668 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Five Star Bancorp by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock valued at $29,017,000 after acquiring an additional 15,183 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Five Star Bancorp by 75.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock valued at $20,388,000 after acquiring an additional 245,727 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of Five Star Bancorp by 14.8% during the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after acquiring an additional 56,412 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Five Star Bancorp by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock worth $14,285,000 after purchasing an additional 5,038 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

Wall Street Analyst Weigh In

FSBC has been the topic of a number of recent research reports. 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 research report on Wednesday, April 29th. Stephens set a $51.00 price objective on shares of Five Star Bancorp in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Finally, Keefe, Bruyette & Woods lifted their target price 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. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.90.

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.