Insider Buying: Five Star Bancorp (NASDAQ:FSBC) Director Buys $100,012.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) Director Judson Teichert Riggs purchased 2,273 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were acquired at an average price of $44.00 per share, for a total transaction of $100,012.00. Following the completion of the transaction, the director directly owned 87,531 shares of the company’s stock, valued at $3,851,364. The trade was a 2.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Five Star Bancorp Price Performance

FSBC opened at $47.24 on Friday. The company’s 50 day simple moving average is $46.05 and its two-hundred day simple moving average is $41.71. Five Star Bancorp has a 1-year low of $28.34 and a 1-year high of $50.26. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.98 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results 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 business had revenue of $47.95 million for the quarter, compared to analysts’ expectations of $47.72 million. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%. On average, equities analysts anticipate that Five Star Bancorp will post 3.5 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be paid 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 yield of 2.1%. Five Star Bancorp’s payout ratio is 29.59%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FSBC. Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a report on Monday, June 1st. DA Davidson boosted their price target on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Stephens set a $51.00 price objective on shares of Five Star Bancorp in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.20.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in Five Star Bancorp in the second quarter worth approximately $34,000. Quarry LP purchased a new stake in Five Star Bancorp in the third quarter valued at $40,000. State of Alaska Department of Revenue raised its position in Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock valued at $77,000 after purchasing an additional 1,322 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at $64,000. Finally, Tower Research Capital LLC TRC lifted 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 purchasing an additional 1,359 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.