Insider Buying: Five Star Bancorp (NASDAQ:FSBC) Director Buys $250,008.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) Director Shannon Deary-Bell purchased 5,682 shares of Five Star Bancorp stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average cost of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the transaction, the director owned 85,244 shares of the company’s stock, valued at approximately $3,750,736. This represents a 7.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Five Star Bancorp Price Performance

Five Star Bancorp stock opened at $47.24 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.98 and a beta of 0.53. Five Star Bancorp has a 1-year low of $28.34 and a 1-year high of $50.26. The business has a fifty day moving average price of $46.05 and a 200-day moving average price of $41.71.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%.The firm had revenue of $47.95 million for the quarter, compared to the consensus estimate of $47.72 million. On average, equities research analysts anticipate that Five Star Bancorp will post 3.5 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is currently 29.59%.

Analyst Ratings Changes

Several research firms have recently issued reports on FSBC. Stephens set a $51.00 price objective on shares of Five Star Bancorp in a report on Monday. DA Davidson lifted their target price on shares of Five Star Bancorp from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. Finally, Keefe, Bruyette & Woods upped their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.20.

Institutional Trading of Five Star Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. grew its stake in Five Star Bancorp by 75.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock valued at $20,388,000 after purchasing an additional 245,727 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Five Star Bancorp by 4,770.8% during the third quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company’s stock valued at $1,892,000 after purchasing an additional 57,536 shares during the period. Kennedy Capital Management LLC boosted its holdings in Five Star Bancorp by 14.8% in the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after purchasing an additional 56,412 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in Five Star Bancorp by 81.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock valued at $4,449,000 after purchasing an additional 55,698 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Five Star Bancorp by 348.0% during the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock worth $2,211,000 after purchasing an additional 45,541 shares during the period. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Company Profile

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.