Insider Selling: Five Star Bancorp (NASDAQ:FSBC) CEO Sells $146,640.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 4,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the completion of the transaction, the chief executive officer owned 473,014 shares of the company’s stock, valued at $17,340,693.24. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Five Star Bancorp Trading Down 0.8%

NASDAQ FSBC opened at $36.48 on Friday. The business’s 50-day moving average price is $38.86 and its 200 day moving average price is $35.83. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $42.26. The company has a market capitalization of $779.94 million, a PE ratio of 12.58 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.49% and a net margin of 24.11%.The company had revenue of $40.67 million during the quarter, compared to analysts’ expectations of $42.58 million. Equities analysts predict that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were issued a $0.25 dividend. The ex-dividend date was Monday, February 2nd. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. Five Star Bancorp’s payout ratio is presently 34.48%.

Institutional Trading of Five Star Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of FSBC. SummerHaven Investment Management LLC purchased a new stake in Five Star Bancorp during the third quarter worth approximately $901,000. American Century Companies Inc. raised its stake in shares of Five Star Bancorp by 9.9% in the 2nd quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock valued at $9,492,000 after acquiring an additional 29,943 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of Five Star Bancorp by 278.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 68,640 shares of the company’s stock valued at $2,210,000 after acquiring an additional 50,486 shares in the last quarter. Creative Planning purchased a new stake in Five Star Bancorp during the 2nd quarter worth $499,000. Finally, Franklin Resources Inc. boosted its position in Five Star Bancorp by 0.5% during the 2nd quarter. Franklin Resources Inc. now owns 493,475 shares of the company’s stock worth $14,084,000 after purchasing an additional 2,233 shares during the period. Institutional investors and hedge funds own 46.94% of the company’s stock.

Analysts Set New Price Targets

FSBC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. DA Davidson boosted their price objective on shares of Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.00.

About Five Star Bancorp

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.