Insider Selling: Five Star Bancorp (NASDAQ:FSBC) CEO Sells 6,428 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 6,428 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $41.23, for a total value of $265,026.44. Following the sale, the chief executive officer directly owned 466,586 shares of the company’s stock, valued at $19,237,340.78. This represents a 1.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

James Eugene Beckwith also recently made the following trade(s):

• On Monday, March 9th, James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock. The shares were sold at an average price of $36.66, for a total value of $146,640.00.

Five Star Bancorp Price Performance

Five Star Bancorp stock traded down $0.04 during mid-day trading on Friday, hitting $41.96. 108,979 shares of the company’s stock traded hands, compared to its average volume of 83,048. The firm has a 50 day simple moving average of $39.42 and a two-hundred day simple moving average of $38.02. Five Star Bancorp has a fifty-two week low of $26.20 and a fifty-two week high of $42.48. The stock has a market cap of $897.10 million, a price-to-earnings ratio of 13.32 and a beta of 0.54.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Friday, February 27th. The company reported $0.83 earnings per share (EPS) for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%.The business had revenue of $43.47 million during the quarter. On average, research analysts anticipate that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

FSBC has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. DA Davidson lifted their target price on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their target price on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Finally, Stephens lifted their target price on Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC acquired a new position in Five Star Bancorp in the third quarter valued at about $901,000. Deprince Race & Zollo Inc. raised its stake in Five Star Bancorp by 81.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock worth $4,449,000 after acquiring an additional 55,698 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in Five Star Bancorp during the fourth quarter worth about $215,000. EJF Capital LLC raised its stake in Five Star Bancorp by 24.2% during the third quarter. EJF Capital LLC now owns 64,158 shares of the company’s stock worth $2,066,000 after acquiring an additional 12,489 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Five Star Bancorp during the third quarter worth about $27,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.