James Eugene Beckwith Sells 6,428 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 6,428 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total value of $265,026.44. Following the transaction, the chief executive officer owned 466,586 shares of the company’s stock, valued at approximately $19,237,340.78. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

James Eugene Beckwith also recently made the following trade(s):

• On Monday, March 9th, James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock. The stock was sold at an average price of $36.66, for a total value of $146,640.00.

Five Star Bancorp Price Performance

FSBC opened at $41.96 on Friday. The company has a market capitalization of $897.10 million, a price-to-earnings ratio of 13.32 and a beta of 0.54. Five Star Bancorp has a 1-year low of $26.20 and a 1-year high of $42.48. The business has a 50 day moving average price of $39.53 and a two-hundred day moving average price of $38.04.

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

Five Star Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Five Star Bancorp by 59.6% in the first quarter. Bank of America Corp DE now owns 22,491 shares of the company’s stock valued at $848,000 after buying an additional 8,402 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Five Star Bancorp by 123.6% during the 1st quarter. Quantinno Capital Management LP now owns 15,956 shares of the company’s stock valued at $602,000 after acquiring an additional 8,821 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Five Star Bancorp by 32.2% during the 1st quarter. Sei Investments Co. now owns 25,886 shares of the company’s stock valued at $976,000 after acquiring an additional 6,299 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $12,143,000 after purchasing an additional 34,396 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted 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 worth $5,857,000 after purchasing an additional 30,936 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

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.