Five Star Bancorp (FSBC) To Go Ex-Dividend on May 4th

Five Star Bancorp (NASDAQ:FSBC) announced a quarterly dividend on Thursday, April 16th. Shareholders of record on Monday, May 4th will be given a dividend of 0.25 per share on Monday, May 11th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, May 4th.

Five Star Bancorp has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Five Star Bancorp to earn $3.92 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.5%.

Five Star Bancorp Stock Up 1.6%

NASDAQ:FSBC traded up $0.64 during mid-day trading on Friday, hitting $41.09. 74,099 shares of the company traded hands, compared to its average volume of 97,339. The stock’s fifty day moving average price is $38.89 and its 200-day moving average price is $37.35. Five Star Bancorp has a one year low of $26.20 and a one year high of $42.26. The firm has a market cap of $878.34 million, a price-to-earnings ratio of 13.04 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last released 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 15.56% and a net margin of 25.23%.The business had revenue of $43.47 million during the quarter. Equities analysts predict that Five Star Bancorp will post 3.5 EPS for the current year.

Insider Transactions at Five Star Bancorp

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

Hedge Funds Weigh In On Five Star Bancorp

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in shares of Five Star Bancorp in the third quarter worth about $27,000. Russell Investments Group Ltd. bought a new position in shares of Five Star Bancorp in the second quarter worth about $34,000. Quarry LP bought a new position in shares of Five Star Bancorp in the third quarter worth about $40,000. CWM LLC boosted its stake in shares of Five Star Bancorp by 103.3% in the third 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 period. Finally, Raymond James Financial Inc. bought a new position in shares of Five Star Bancorp in the second quarter worth about $64,000. Institutional investors 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.