Five Star Bancorp (NASDAQ:FSBC) Short Interest Update

Five Star Bancorp (NASDAQ:FSBC) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 380,126 shares, an increase of 19.8% from the March 31st total of 317,373 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 68,549 shares, the days-to-cover ratio is presently 5.5 days.

Analysts Set New Price Targets

FSBC has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised 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 research report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Stephens increased their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, DA Davidson raised their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Five Star Bancorp has a consensus rating of “Moderate Buy” and an average price target of $42.30.

Five Star Bancorp Stock Performance

Shares of FSBC traded up $0.64 during mid-day trading on Friday, reaching $41.09. The company had a trading volume of 74,099 shares, compared to its average volume of 97,339. The company has a market capitalization of $878.34 million, a price-to-earnings ratio of 13.04 and a beta of 0.53. The firm has a 50-day moving average price of $38.89 and a 200 day moving average price of $37.35. Five Star Bancorp has a 52 week low of $26.20 and a 52 week high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. Five Star Bancorp had a return on equity of 15.56% and a net margin of 25.23%.The business had revenue of $43.47 million for the quarter. As a group, research analysts forecast that Five Star Bancorp will post 3.5 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Monday, May 4th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. Five Star Bancorp’s dividend payout ratio (DPR) is 31.75%.

Insider Buying and Selling

In other news, CEO James Eugene Beckwith sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $36.66, for a total transaction of $146,640.00. Following the transaction, the chief executive officer directly owned 473,014 shares of the company’s stock, valued at approximately $17,340,693.24. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Eugene Lee sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $39.30, for a total value of $47,160.00. Following the transaction, the senior vice president owned 35,272 shares of the company’s stock, valued at approximately $1,386,189.60. This represents a 3.29% decrease in their position. The SEC filing for this sale provides additional information. 21.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FSBC. State of Alaska Department of Revenue bought a new position in shares of Five Star Bancorp during the 3rd quarter valued at $27,000. Russell Investments Group Ltd. bought a new position in Five Star Bancorp in the second quarter worth approximately $34,000. Quarry LP bought a new position in Five Star Bancorp in the third quarter worth approximately $40,000. Raymond James Financial Inc. purchased a new position in shares of Five Star Bancorp during the 2nd quarter worth $64,000. Finally, CWM LLC boosted its stake in shares of Five Star Bancorp by 103.3% during the 3rd quarter. CWM LLC now owns 2,129 shares of the company’s stock worth $69,000 after acquiring an additional 1,082 shares during the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.