Five Star Bancorp (NASDAQ:FSBC) Sees Large Volume Increase

Five Star Bancorp (NASDAQ:FSBC) shares saw unusually-strong trading volume on Friday . Approximately 33,665 shares traded hands during mid-day trading, a decline of 31% from the previous session’s volume of 49,045 shares.The stock last traded at $30.40 and had previously closed at $30.85.

Analyst Ratings Changes

Several brokerages have issued reports on FSBC. Keefe, Bruyette & Woods raised their price objective on Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. DA Davidson upped their price objective on shares of Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Stephens raised their price target on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 26th.

Five Star Bancorp Price Performance

The company’s 50-day moving average is $28.31 and its 200-day moving average is $24.68. The firm has a market capitalization of $656.02 million, a price-to-earnings ratio of 11.73 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Wednesday, July 24th. The company reported $0.51 earnings per share (EPS) for the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. The firm had revenue of $30.67 million during the quarter. Sell-side analysts anticipate that Five Star Bancorp will post 2.16 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, August 5th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.80 annualized dividend and a yield of 2.60%. Five Star Bancorp’s dividend payout ratio is presently 30.42%.

Insider Buying and Selling at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $29.09, for a total transaction of $87,270.00. Following the sale, the senior vice president now directly owns 38,265 shares of the company’s stock, valued at approximately $1,113,128.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 4,000 shares of company stock worth $116,340 in the last ninety days. 25.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Five Star Bancorp during the second quarter worth approximately $124,000. Interval Partners LP purchased a new position in Five Star Bancorp in the first quarter valued at about $450,000. Swiss National Bank grew its stake in shares of Five Star Bancorp by 8.3% in the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after buying an additional 1,700 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Five Star Bancorp by 30.3% during the 2nd quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock worth $564,000 after purchasing an additional 5,542 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Five Star Bancorp by 2.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock worth $770,000 after buying an additional 797 shares during the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

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.