Five Star Bancorp (NASDAQ:FSBC) CEO Sells $178,340.46 in Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 6,429 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $27.74, for a total transaction of $178,340.46. Following the completion of the sale, the chief executive officer now owns 469,952 shares in the company, valued at approximately $13,036,468.48. This trade represents a 1.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Five Star Bancorp Stock Down 3.5%

Shares of FSBC stock opened at $27.07 on Friday. The business’s 50 day moving average is $27.53 and its two-hundred day moving average is $29.26. Five Star Bancorp has a 12 month low of $22.22 and a 12 month high of $35.13. The company has a market cap of $577.38 million, a PE ratio of 11.87 and a beta of 0.51.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. The firm had revenue of $35.34 million during the quarter, compared to analysts’ expectations of $35.27 million. As a group, equities analysts expect that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.96%. Five Star Bancorp’s dividend payout ratio is 35.09%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Five Star Bancorp by 2.7% during the 1st 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 period. Invesco Ltd. grew its stake in shares of Five Star Bancorp by 4.1% in the first quarter. Invesco Ltd. now owns 360,777 shares of the company’s stock valued at $10,030,000 after acquiring an additional 14,126 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Five Star Bancorp by 15.7% in the first quarter. American Century Companies Inc. now owns 302,637 shares of the company’s stock valued at $8,413,000 after buying an additional 41,143 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Five Star Bancorp by 27.8% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 232,665 shares of the company’s stock worth $6,468,000 after purchasing an additional 50,606 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Five Star Bancorp by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 177,091 shares of the company’s stock worth $5,329,000 after purchasing an additional 14,885 shares during the period. Institutional investors own 46.94% of the company’s stock.

Analysts Set New Price Targets

FSBC has been the topic of several research reports. Citigroup reiterated an “outperform” rating on shares of Five Star Bancorp in a research note on Wednesday, April 30th. DA Davidson cut their target price on Five Star Bancorp from $38.50 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Raymond James reduced their price target on shares of Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

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.