Five Star Bancorp (NASDAQ:FSBC) Plans $0.25 Quarterly Dividend

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Thursday, July 16th. Shareholders of record on Monday, August 3rd will be given a dividend of 0.25 per share on Monday, August 10th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 3rd.

Five Star Bancorp has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Five Star Bancorp to earn $3.74 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.7%.

Five Star Bancorp Stock Down 0.1%

Shares of FSBC opened at $47.19 on Friday. The firm’s 50 day moving average price is $46.16 and its 200 day moving average price is $41.75. The company has a market cap of $1.01 billion, a P/E ratio of 13.96 and a beta of 0.53. Five Star Bancorp has a fifty-two week low of $28.34 and a fifty-two week high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share (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 company had revenue of $47.95 million for the quarter, compared to analyst estimates of $47.72 million. Research analysts forecast that Five Star Bancorp will post 3.5 earnings per share for the current year.

Insiders Place Their Bets

In other Five Star Bancorp news, Director Larry Eugene Allbaugh bought 96,591 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average price of $44.00 per share, with a total value of $4,250,004.00. Following the transaction, the director owned 1,101,687 shares of the company’s stock, valued at approximately $48,474,228. The trade was a 9.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin Francis Ramos bought 5,682 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average cost of $44.00 per share, for a total transaction of $250,008.00. Following the transaction, the director directly owned 177,546 shares in the company, valued at approximately $7,812,024. This represents a 3.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 142,727 shares of company stock worth $6,279,988 and have sold 12,692 shares worth $524,640. Insiders own 21.79% of the company’s stock.

Institutional Trading of Five Star Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSBC. Russell Investments Group Ltd. purchased a new stake in shares of Five Star Bancorp during the 2nd quarter worth approximately $34,000. Quarry LP acquired a new position in shares of Five Star Bancorp in the 3rd quarter valued at $40,000. Raymond James Financial Inc. purchased a new position in shares of Five Star Bancorp in the 2nd quarter valued at $64,000. State of Alaska Department of Revenue grew its position in shares of Five Star Bancorp by 154.6% in the 4th quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock valued at $77,000 after buying an additional 1,322 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Five Star Bancorp by 65.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after acquiring an additional 1,359 shares in the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.