Five Star Bancorp (NASDAQ:FSBC) EVP Lydia Ann Ramirez-Medina Sells 4,307 Shares of Company Stock

Five Star Bancorp (NASDAQ:FSBC) EVP Lydia Ramirez-Medina sold 4,307 shares of Five Star Bancorp stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $44.92, for a total transaction of $193,470.44. Following the sale, the executive vice president owned 9,368 shares of the company’s stock, valued at approximately $420,810.56. The trade was a 31.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Five Star Bancorp Price Performance

FSBC stock traded down $0.50 during midday trading on Tuesday, reaching $44.83. 155,053 shares of the company’s stock traded hands, compared to its average volume of 131,160. Five Star Bancorp has a fifty-two week low of $32.20 and a fifty-two week high of $50.26. The company has a market capitalization of $1.10 billion, a P/E ratio of 12.70 and a beta of 0.55. The business has a 50-day moving average price of $44.39 and a two-hundred day moving average price of $42.81.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. Five Star Bancorp had a net margin of 26.58% and a return on equity of 16.89%. The company had revenue of $52.62 million for the quarter, compared to the consensus estimate of $51.31 million. As a group, research analysts forecast that Five Star Bancorp will post 3.55 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 2nd. Five Star Bancorp’s payout ratio is presently 28.33%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and set a $55.00 target price on shares of Five Star Bancorp in a research report on Tuesday, October 27th. Stephens dropped their price objective on Five Star Bancorp from $50.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday. Zacks Research raised shares of Five Star Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Finally, Weiss Ratings cut Five Star Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Five Star Bancorp currently has a consensus rating of “Hold” and an average target price of $49.00.

Institutional Investors Weigh In On Five Star Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Davis Asset Management L.P. acquired a new stake in Five Star Bancorp in the second quarter valued at approximately $73,595,000. BlackRock Inc. purchased a new stake in Five Star Bancorp in the second quarter valued at $64,816,000. Dimensional Fund Advisors LP raised its stake in shares of Five Star Bancorp by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock valued at $12,143,000 after acquiring an additional 34,396 shares during the period. Bank of New York Mellon Corp acquired a new position in Five Star Bancorp during the second quarter worth $4,642,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Five Star Bancorp in the second quarter valued at $1,994,000. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.