Five Star Bancorp (NASDAQ:FSBC) EVP Lydia Ann Ramirez-Medina Sells 4,307 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) EVP Lydia Ramirez-Medina sold 4,307 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $44.92, for a total value of $193,470.44. Following the sale, the executive vice president directly owned 9,368 shares of the company’s stock, valued at $420,810.56. This represents a 31.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $44.83 on Wednesday. The stock has a 50-day simple moving average of $44.39 and a two-hundred day simple moving average of $42.85. The firm has a market capitalization of $1.10 billion, a PE ratio of 12.70 and a beta of 0.49. Five Star Bancorp has a 52-week low of $32.20 and a 52-week high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, October 26th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. Five Star Bancorp had a return on equity of 16.89% and a net margin of 26.58%. The firm had revenue of $52.62 million for the quarter, compared to the consensus estimate of $51.31 million. Equities analysts forecast that Five Star Bancorp will post 3.55 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 2nd. Five Star Bancorp’s dividend payout ratio is currently 28.33%.

Hedge Funds Weigh In On Five Star Bancorp

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 34,396 shares during the period. Ieq Capital LLC purchased a new stake in Five Star Bancorp during the 2nd quarter valued at approximately $1,203,000. Bank of New York Mellon Corp purchased a new stake in Five Star Bancorp during the 2nd quarter valued at approximately $4,642,000. Squarepoint Ops LLC bought a new stake in shares of Five Star Bancorp during the second quarter valued at approximately $1,994,000. Finally, BlackRock Inc. bought a new stake in shares of Five Star Bancorp during the second quarter valued at approximately $64,816,000. Institutional investors own 46.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FSBC. Stephens decreased their target price on shares of Five Star Bancorp from $50.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday. Weiss Ratings lowered shares of Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 21st. Zacks Research raised shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Finally, DA Davidson restated a “buy” rating and set a $55.00 price objective on shares of Five Star Bancorp in a research report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.00.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.