Brett Levi Wait Sells 1,640 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 1,640 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $42.27, for a total transaction of $69,322.80. Following the transaction, the senior vice president owned 16,873 shares in the company, valued at approximately $713,221.71. This trade represents a 8.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Brett Levi Wait also recently made the following trade(s):

• On Thursday, May 14th, Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock. The stock was sold at an average price of $41.11, for a total transaction of $106,187.13.

Five Star Bancorp Stock Up 0.1%

Shares of NASDAQ FSBC opened at $42.24 on Friday. The firm’s 50-day simple moving average is $39.97 and its 200 day simple moving average is $38.28. The company has a market cap of $903.09 million, a price-to-earnings ratio of 13.41 and a beta of 0.54. Five Star Bancorp has a 12-month low of $26.20 and a 12-month high of $42.74.

Five Star Bancorp (NASDAQ:FSBC) last released 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, equities analysts expect that Five Star Bancorp will post 3.58 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $0.25 per share. The ex-dividend date was Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Five Star Bancorp’s dividend payout ratio is presently 31.75%.

Analysts Set New Price Targets

FSBC has been the topic of a number of research reports. DA Davidson upped their target price on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods upped their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Finally, Stephens upped their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.30.

Institutional Trading of Five Star Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Five Star Bancorp in the 2nd quarter valued at about $34,000. Quarry LP bought a new stake in shares of Five Star Bancorp in the 3rd quarter valued at about $40,000. Raymond James Financial Inc. bought a new stake in shares of Five Star Bancorp in the 2nd quarter valued at about $64,000. State of Alaska Department of Revenue increased its stake 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 acquiring an additional 1,322 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Five Star Bancorp by 65.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock valued at $98,000 after acquiring an additional 1,359 shares during the last quarter. 46.94% of the stock is owned by institutional investors.

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.