Insider Selling: Five Star Bancorp (NASDAQ:FSBC) SVP Sells $106,187.13 in Stock

Five Star Bancorp (NASDAQ:FSBC) SVP Brett Levi Wait sold 2,583 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.11, for a total value of $106,187.13. Following the transaction, the senior vice president directly owned 17,608 shares in the company, valued at $723,864.88. This represents a 12.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Five Star Bancorp Stock Performance

FSBC opened at $40.39 on Monday. The business’s fifty day moving average is $39.13 and its two-hundred day moving average is $37.87. The company has a market cap of $863.54 million, a price-to-earnings ratio of 12.82 and a beta of 0.54. Five Star Bancorp has a one year low of $26.20 and a one year high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. The company had revenue of $43.47 million for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. On average, analysts predict that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, May 4th. Five Star Bancorp’s payout ratio is presently 31.75%.

Institutional Trading of Five Star Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after acquiring an additional 390 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Five Star Bancorp by 3.4% in the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after acquiring an additional 458 shares in the last quarter. Swiss National Bank lifted its position in shares of Five Star Bancorp by 1.9% in the fourth quarter. Swiss National Bank now owns 31,596 shares of the company’s stock valued at $1,131,000 after acquiring an additional 600 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Five Star Bancorp in the third quarter valued at $27,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Five Star Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 139,221 shares of the company’s stock valued at $4,981,000 after acquiring an additional 1,036 shares in the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FSBC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Stephens boosted their target price on Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Finally, DA Davidson boosted 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. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.30.

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.