Five Star Bancorp (NASDAQ:FSBC) COO Lydia Ann Ramirez-Medina Sells 400 Shares

Five Star Bancorp (NASDAQ:FSBC) COO Lydia Ann Ramirez-Medina sold 400 shares of Five Star Bancorp stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $40.99, for a total transaction of $16,396.00. Following the completion of the sale, the chief operating officer owned 10,960 shares of the company’s stock, valued at $449,250.40. This represents a 3.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Five Star Bancorp Stock Down 0.2%

NASDAQ:FSBC opened at $41.24 on Friday. The company has a fifty day moving average of $38.96 and a 200-day moving average of $37.61. The firm has a market capitalization of $881.55 million, a P/E ratio of 13.09 and a beta of 0.54. Five Star Bancorp has a twelve month low of $26.20 and a twelve month high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The company 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 15.56%. On average, analysts anticipate that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, May 4th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, May 4th. Five Star Bancorp’s payout ratio is 31.75%.

Analyst Upgrades and Downgrades

FSBC has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods boosted 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. DA Davidson boosted their price target on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Stephens boosted their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

Hedge Funds Weigh In On Five Star Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in Five Star Bancorp during the third quarter valued at about $27,000. Russell Investments Group Ltd. purchased a new stake in Five Star Bancorp during the second quarter valued at about $34,000. Quarry LP purchased a new stake in Five Star Bancorp during the third quarter valued at about $40,000. Raymond James Financial Inc. purchased a new stake in Five Star Bancorp during the second quarter valued at about $64,000. Finally, CWM LLC lifted its holdings in Five Star Bancorp by 103.3% during the third quarter. CWM LLC now owns 2,129 shares of the company’s stock valued at $69,000 after purchasing an additional 1,082 shares during the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.