Insider Buying: Five Star Bancorp (NASDAQ:FSBC) Director Acquires 31,363 Shares

Five Star Bancorp (NASDAQ:FSBCGet Free Report) Director Robert Truxtun Perry-Smith bought 31,363 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average price of $44.00 per share, for a total transaction of $1,379,972.00. Following the completion of the transaction, the director directly owned 258,898 shares of the company’s stock, valued at $11,391,512. This represents a 13.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Five Star Bancorp Stock Up 1.6%

Five Star Bancorp stock traded up $0.74 during midday trading on Tuesday, reaching $47.95. 82,790 shares of the stock traded hands, compared to its average volume of 111,788. The stock has a market cap of $1.03 billion, a P/E ratio of 14.19 and a beta of 0.53. The stock’s fifty day moving average is $45.69 and its 200-day moving average is $41.49. Five Star Bancorp has a 12 month low of $28.34 and a 12 month high of $50.26.

Five Star Bancorp (NASDAQ:FSBCGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $47.95 million for the quarter, compared to the consensus estimate of $47.72 million. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%. On average, equities analysts predict 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, August 10th. Investors of record on Monday, August 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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 is presently 29.59%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Deprince Race & Zollo Inc. boosted its stake in shares of Five Star Bancorp by 81.1% during the 4th quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock worth $4,449,000 after purchasing an additional 55,698 shares during the period. Kennedy Capital Management LLC raised its position in Five Star Bancorp by 14.8% in the 4th 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 during the period. Inspire Investing LLC raised its position in Five Star Bancorp by 348.0% in the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock worth $2,211,000 after purchasing an additional 45,541 shares during the period. 1492 Capital Management LLC lifted its stake in Five Star Bancorp by 33.7% in the first quarter. 1492 Capital Management LLC now owns 8,373 shares of the company’s stock worth $316,000 after purchasing an additional 2,110 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after purchasing an additional 1,322 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

Analyst Ratings Changes

FSBC has been the subject of a number of recent research reports. DA Davidson lifted their price objective 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. Keefe, Bruyette & Woods increased 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 report on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Finally, Stephens set a $51.00 price objective on Five Star Bancorp in a research report on Monday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.90.

Get Our Latest Stock Analysis on Five Star Bancorp

Five Star Bancorp Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Five Star Bancorp (NASDAQ:FSBC)

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