Five Star Bancorp (NASDAQ:FSBC) Director Shannon Deary-Bell Purchases 5,682 Shares

Five Star Bancorp (NASDAQ:FSBC) Director Shannon Deary-Bell purchased 5,682 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the purchase, the director owned 85,244 shares in the company, valued at approximately $3,750,736. The trade was a 7.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $47.83 on Wednesday. Five Star Bancorp has a one year low of $28.34 and a one year high of $50.26. The stock has a fifty day moving average of $45.83 and a 200 day moving average of $41.57. The stock has a market cap of $1.02 billion, a PE ratio of 14.15 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The firm had revenue of $47.95 million for the quarter, compared to analysts’ expectations of $47.72 million. Five Star Bancorp had a net margin of 25.92% and a return on equity of 16.17%. As a group, sell-side analysts predict that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Five Star Bancorp’s payout ratio is presently 29.59%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. DA Davidson boosted their price target on Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stephens set a $51.00 price objective on Five Star Bancorp in a research report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Five Star Bancorp has an average rating of “Moderate Buy” and an average target price of $43.90.

Institutional Trading of Five Star Bancorp

Several institutional investors have recently made changes to their positions in FSBC. T. Rowe Price Investment Management Inc. boosted its stake in Five Star Bancorp by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock worth $72,182,000 after purchasing an additional 18,668 shares during the period. Vanguard Group Inc. boosted its position in shares of Five Star Bancorp by 1.7% during the third quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock worth $29,017,000 after acquiring an additional 15,183 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Five Star Bancorp by 75.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock valued at $20,388,000 after acquiring an additional 245,727 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in Five Star Bancorp by 14.8% in the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after acquiring an additional 56,412 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Five Star Bancorp by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock worth $14,285,000 after purchasing an additional 5,038 shares in the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Key Stories Impacting Five Star Bancorp

Here are the key news stories impacting Five Star Bancorp this week:

• Positive Sentiment: Multiple directors made significant open-market purchases. Five Star Bancorp directors collectively bought 142,727 shares for approximately $6.28 million at an average price of $44 per share. The largest purchase came from Larry Eugene Allbaugh, who bought 96,591 shares for about $4.25 million. Robert Truxtun Perry-Smith also purchased 31,363 shares, while four other directors made additional purchases. The transactions increased their respective holdings and may strengthen investor confidence in management’s outlook. SEC insider transaction filing
• Positive Sentiment: The company completed the full exercise of the underwriters’ overallotment option. Including the original offering, Five Star Bancorp sold 3,133,750 shares at $44 each and expects approximately $130.6 million in net proceeds before offering expenses. Management plans to use the funds for general corporate purposes, working capital, investments in Five Star Bank and potential growth opportunities. Offering closing announcement
• Negative Sentiment: The public offering creates near-term dilution. Issuing more than 3.1 million shares increases the company’s share count, which can dilute existing shareholders and potentially weigh on per-share metrics. However, the dilution is partially offset by the added capital, which could support loan growth and future earnings.

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.