Five Star Bancorp (NASDAQ:FSBC) Sets New 1-Year High – Here’s Why

Five Star Bancorp (NASDAQ:FSBC) reached a new 52-week high during trading on Friday . The stock traded as high as $42.48 and last traded at $41.7650, with a volume of 5179 shares traded. The stock had previously closed at $42.00.

Analyst Ratings Changes

FSBC has been the subject of several recent analyst reports. DA Davidson lifted their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Stephens lifted their price objective 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, April 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

Five Star Bancorp Stock Down 0.3%

The stock has a market capitalization of $895.39 million, a PE ratio of 13.29 and a beta of 0.54. The stock’s 50 day moving average price is $39.42 and its 200-day moving average price is $38.02.

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

Five Star Bancorp Dividend Announcement

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

Insider Activity

In other news, SVP Brett Levi Wait sold 2,583 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $41.11, for a total transaction of $106,187.13. Following the completion of the sale, the senior vice president directly owned 17,608 shares of the company’s stock, valued at approximately $723,864.88. The trade was a 12.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Eugene Lee sold 1,641 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $41.26, for a total transaction of $67,707.66. Following the sale, the senior vice president directly owned 33,631 shares of the company’s stock, valued at $1,387,615.06. This represents a 4.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 8,624 shares of company stock valued at $336,931. 21.79% of the stock is currently owned by company insiders.

Institutional Trading of Five Star Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after acquiring an additional 390 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Five Star Bancorp by 3.4% in the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after acquiring an additional 458 shares in the last quarter. Swiss National Bank raised its holdings in shares of Five Star Bancorp by 1.9% in the fourth quarter. Swiss National Bank now owns 31,596 shares of the company’s stock valued at $1,131,000 after acquiring an additional 600 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Five Star Bancorp in the third quarter valued at about $27,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Five Star Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 139,221 shares of the company’s stock valued at $4,981,000 after acquiring an additional 1,036 shares in the last quarter. 46.94% of the stock is currently owned by 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.