Five Star Bancorp (NASDAQ:FSBC) Reaches New 1-Year High – Here’s What Happened

Shares of Five Star Bancorp (NASDAQ:FSBC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $46.20 and last traded at $45.67, with a volume of 14192 shares. The stock had previously closed at $44.87.

Analysts Set New Price Targets

FSBC has been the topic of several research analyst reports. Stephens boosted their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. DA Davidson increased their target price on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Finally, Keefe, Bruyette & Woods boosted their price target 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. Four research 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

Five Star Bancorp Price Performance

The stock has a market cap of $979.20 million, a P/E ratio of 14.53 and a beta of 0.54. The stock’s 50-day moving average is $41.85 and its two-hundred day moving average is $39.32.

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. The company had revenue of $43.47 million for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. On average, analysts anticipate that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, May 4th. Five Star Bancorp’s payout ratio is 31.75%.

Insider Buying and Selling

In related news, CEO James Eugene Beckwith sold 6,428 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was 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 in the company, valued at approximately $19,237,340.78. The trade was a 1.36% 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 Brett Levi Wait sold 1,640 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $42.27, for a total value of $69,322.80. Following the transaction, the senior vice president directly owned 16,873 shares of the company’s stock, valued at approximately $713,221.71. The trade was a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,692 shares of company stock worth $524,640. Corporate insiders own 21.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new position in Five Star Bancorp during the 2nd quarter valued at about $34,000. Quarry LP purchased a new stake in Five Star Bancorp in the 3rd quarter worth about $40,000. State of Alaska Department of Revenue lifted its stake in Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after purchasing an additional 1,322 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Five Star Bancorp in the second quarter worth about $64,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Five Star Bancorp by 65.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock valued at $98,000 after buying an additional 1,359 shares during the period. 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.