Insider Selling: Five Star Bancorp (NASDAQ:FSBC) SVP Sells 2,583 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 2,583 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $41.11, for a total transaction of $106,187.13. Following the transaction, the senior vice president owned 17,608 shares in the company, valued at $723,864.88. The trade was a 12.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Five Star Bancorp Price Performance

Shares of FSBC stock traded down $0.61 during trading hours on Friday, reaching $40.32. 67,690 shares of the company were exchanged, compared to its average volume of 81,418. Five Star Bancorp has a fifty-two week low of $26.20 and a fifty-two week high of $42.26. The stock’s fifty day moving average is $39.11 and its two-hundred day moving average is $37.83. The company has a market cap of $861.96 million, a price-to-earnings ratio of 12.80 and a beta of 0.54.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Friday, February 27th. The company reported $0.83 earnings per share (EPS) for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. The company had revenue of $43.47 million for the quarter. On average, research analysts anticipate that Five Star Bancorp will post 3.58 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, May 4th. Five Star Bancorp’s dividend payout ratio is presently 31.75%.

Hedge Funds Weigh In On Five Star Bancorp

Several large investors have recently bought and sold shares of the business. Sei Investments Co. lifted its holdings in Five Star Bancorp by 32.2% in the first quarter. Sei Investments Co. now owns 25,886 shares of the company’s stock valued at $976,000 after buying an additional 6,299 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Five Star Bancorp by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock valued at $12,143,000 after buying an additional 34,396 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Five Star Bancorp by 24.9% in the first quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock valued at $5,857,000 after buying an additional 30,936 shares during the period. Inspire Investing LLC lifted its holdings in Five Star Bancorp by 348.0% in the first quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock valued at $2,211,000 after buying an additional 45,541 shares during the period. Finally, 1492 Capital Management LLC lifted its holdings in Five Star Bancorp by 33.7% in the first quarter. 1492 Capital Management LLC now owns 8,373 shares of the company’s stock valued at $316,000 after buying an additional 2,110 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FSBC shares. Stephens upped their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. DA Davidson upped their target price on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods increased their price objective 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Five Star Bancorp has a consensus rating of “Moderate Buy” and a consensus 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.