Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith Sells 4,000 Shares

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction on Monday, March 9th. The stock was sold at an average price of $36.66, for a total value of $146,640.00. Following the completion of the sale, the chief executive officer directly owned 473,014 shares of the company’s stock, valued at approximately $17,340,693.24. The trade was a 0.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Five Star Bancorp Stock Performance

Shares of FSBC stock traded down $0.63 during mid-day trading on Thursday, hitting $36.18. The company’s stock had a trading volume of 9,661 shares, compared to its average volume of 72,532. The stock has a market cap of $773.44 million, a price-to-earnings ratio of 12.47 and a beta of 0.52. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $42.26. The business has a 50-day moving average price of $38.82 and a 200 day moving average price of $35.79.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, January 26th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.49% and a net margin of 24.11%.The company had revenue of $40.67 million for the quarter, compared to analysts’ expectations of $42.58 million. Equities research analysts predict that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. Five Star Bancorp’s payout ratio is 34.48%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new position in shares of Five Star Bancorp during the 3rd quarter valued at about $27,000. Russell Investments Group Ltd. purchased a new stake in Five Star Bancorp in the 2nd quarter worth approximately $34,000. Quarry LP purchased a new stake in Five Star Bancorp in the 3rd quarter worth approximately $40,000. Raymond James Financial Inc. bought a new stake in Five Star Bancorp during the 2nd quarter worth approximately $64,000. Finally, CWM LLC raised its stake in Five Star Bancorp by 103.3% during the 3rd quarter. CWM LLC now owns 2,129 shares of the company’s stock worth $69,000 after acquiring an additional 1,082 shares during the period. Institutional investors own 46.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Finally, DA Davidson lifted their target price on shares of Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Five 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Five Star Bancorp Company Profile

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.