Five Star Bancorp (NASDAQ:FSBC) Director Donna Lucas Purchases 1,136 Shares of Stock

Five Star Bancorp (NASDAQ:FSBCGet Free Report) Director Donna Lucas acquired 1,136 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average price of $44.00 per share, with a total value of $49,984.00. Following the acquisition, the director directly owned 14,254 shares of the company’s stock, valued at approximately $627,176. This represents a 8.66% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Five Star Bancorp Trading Up 1.4%

FSBC traded up $0.65 during trading hours on Tuesday, hitting $47.86. 85,131 shares of the company’s stock were exchanged, compared to its average volume of 111,844. The firm has a market cap of $1.02 billion, a P/E ratio of 14.17 and a beta of 0.53. Five Star Bancorp has a 12-month low of $28.34 and a 12-month high of $50.26. The firm has a 50 day moving average of $45.69 and a 200 day moving average of $41.49.

Five Star Bancorp (NASDAQ:FSBCGet Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a net margin of 25.92% and a return on equity of 16.17%. The business had revenue of $47.95 million during the quarter, compared to the consensus estimate of $47.72 million. As a group, research analysts expect that Five Star Bancorp will post 3.58 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a $0.25 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. Five Star Bancorp’s dividend payout ratio (DPR) is 29.59%.

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. increased its stake in Five Star Bancorp by 81.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock valued at $4,449,000 after purchasing an additional 55,698 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in Five Star Bancorp by 14.8% during the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock worth $15,701,000 after purchasing an additional 56,412 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Five Star Bancorp by 348.0% during the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock worth $2,211,000 after buying an additional 45,541 shares during the last quarter. 1492 Capital Management LLC lifted its position in shares of Five Star Bancorp by 33.7% during the 1st quarter. 1492 Capital Management LLC now owns 8,373 shares of the company’s stock worth $316,000 after buying an additional 2,110 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Five Star Bancorp during the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp News Roundup

Here are the key news stories impacting Five Star Bancorp this week:

  • Positive Sentiment: Five Star directors collectively purchased 142,727 shares for approximately $6.28 million at $44 per share on July 22. The largest purchase came from Director Larry Eugene Allbaugh, who bought 96,591 shares for $4.25 million. Multiple directors increasing their holdings may signal confidence in the bank’s valuation and future performance. SEC insider purchase filing
  • Positive Sentiment: The company completed the full exercise of underwriters’ option to purchase an additional 408,750 shares. The offering raised total gross proceeds of approximately $130.6 million, which Five Star plans to use for general corporate purposes, investments in Five Star Bank and continued growth opportunities. The added capital could support loan expansion and strengthen the balance sheet. Offering completion announcement
  • Neutral Sentiment: Including the initial closing on July 24, Five Star sold 3,133,750 shares at $44 each. The funding improves financial flexibility, but investors will weigh the potential benefits of growth investments against the increase in shares outstanding.
  • Positive Sentiment: The company’s latest quarterly results also provide supportive context: earnings of $0.91 per share exceeded expectations of $0.86, while revenue of $47.96 million slightly topped the $47.72 million consensus estimate.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FSBC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. Stephens set a $51.00 price objective on Five Star Bancorp in a research report on Monday. DA Davidson upped their target price on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.90.

View Our Latest Stock Report on Five Star Bancorp

About Five Star Bancorp

(Get Free Report)

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.

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