Michael Anthony Rizzo Sells 641 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) EVP Michael Anthony Rizzo sold 641 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $37.28, for a total transaction of $23,896.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Five Star Bancorp Stock Performance

NASDAQ:FSBC opened at $38.14 on Thursday. The company’s 50-day simple moving average is $34.68 and its 200-day simple moving average is $32.01. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $38.25. The stock has a market capitalization of $815.05 million, a P/E ratio of 14.13 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, October 27th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The company had revenue of $41.31 million during the quarter, compared to analysts’ expectations of $40.34 million. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, research analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, November 3rd. Five Star Bancorp’s dividend payout ratio is currently 29.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FSBC shares. DA Davidson set a $43.00 price target on Five Star Bancorp in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods lifted their target price on shares of Five Star Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Wednesday, October 8th. Stephens cut shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a report on Monday, November 10th. Finally, Janney Montgomery Scott started coverage on shares of Five Star Bancorp in a research note on Friday, October 10th. They set a “buy” rating and a $37.00 price objective for the company. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.40.

Hedge Funds Weigh In On Five Star Bancorp

A number of institutional investors have recently bought and sold shares of FSBC. Vanguard Group Inc. boosted its stake in shares of Five Star Bancorp by 2.7% in the first quarter. Vanguard Group Inc. now owns 862,647 shares of the company’s stock worth $23,982,000 after buying an additional 22,505 shares during the last quarter. Nuveen LLC purchased a new position in Five Star Bancorp during the first quarter valued at approximately $1,233,000. Adage Capital Partners GP L.L.C. lifted its holdings in Five Star Bancorp by 27.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 232,665 shares of the company’s stock valued at $6,468,000 after acquiring an additional 50,606 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in Five Star Bancorp in the first quarter valued at approximately $1,260,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Five Star Bancorp in the 1st quarter worth approximately $587,000. 46.94% of the stock is owned by hedge funds and other institutional investors.

Five Star Bancorp Company Profile

Five Star Bancorp operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California. It accepts various deposits, such as money market accounts, noninterest-bearing and interest checking accounts, savings accounts, term certificate accounts, and time deposits.