Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith Sells 6,429 Shares

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 6,429 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $27.74, for a total transaction of $178,340.46. Following the transaction, the chief executive officer now owns 469,952 shares of the company’s stock, valued at approximately $13,036,468.48. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Five Star Bancorp Trading Down 3.5%

Shares of FSBC opened at $27.07 on Friday. The stock’s 50-day moving average price is $27.53 and its two-hundred day moving average price is $29.26. Five Star Bancorp has a 12 month low of $22.22 and a 12 month high of $35.13. The company has a market capitalization of $577.38 million, a PE ratio of 11.87 and a beta of 0.51.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. The company had revenue of $35.34 million for the quarter, compared to analyst estimates of $35.27 million. Equities research analysts predict that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Monday, May 5th. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FSBC. DA Davidson decreased their price target on Five Star Bancorp from $38.50 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Raymond James reduced their price target on Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup reiterated an “outperform” rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Five Star Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Hedge Funds Weigh In On Five Star Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FSBC. Bank of New York Mellon Corp increased its holdings in shares of Five Star Bancorp by 47.0% in the fourth quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company’s stock worth $3,365,000 after purchasing an additional 35,783 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Five Star Bancorp by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 138,409 shares of the company’s stock valued at $4,165,000 after acquiring an additional 3,960 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Five Star Bancorp during the 4th quarter valued at about $259,000. Intech Investment Management LLC bought a new stake in shares of Five Star Bancorp in the fourth quarter worth $217,000. Finally, American Century Companies Inc. increased its holdings in Five Star Bancorp by 31.1% during the fourth quarter. American Century Companies Inc. now owns 261,494 shares of the company’s stock valued at $7,868,000 after buying an additional 62,041 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.