James Eugene Beckwith Sells 4,000 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 4,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. Following the transaction, the chief executive officer now directly owns 476,381 shares in the company, valued at $14,410,525.25. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Five Star Bancorp Price Performance

Shares of Five Star Bancorp stock opened at $29.46 on Wednesday. The firm has a market capitalization of $628.06 million, a PE ratio of 12.92 and a beta of 0.48. The company’s fifty day moving average price is $30.41 and its two-hundred day moving average price is $30.57. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. Analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.72%. The ex-dividend date was Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FSBC. Charles Schwab Investment Management Inc. boosted its stake in shares of Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after purchasing an additional 89,834 shares in the last quarter. State Street Corp boosted its stake in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after purchasing an additional 66,602 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Five Star Bancorp by 31.1% in the 4th quarter. American Century Companies Inc. now owns 261,494 shares of the company’s stock valued at $7,868,000 after purchasing an additional 62,041 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Five Star Bancorp by 153.1% in the 4th quarter. JPMorgan Chase & Co. now owns 59,456 shares of the company’s stock valued at $1,789,000 after purchasing an additional 35,967 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Five Star Bancorp by 47.0% in the 4th quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company’s stock valued at $3,365,000 after purchasing an additional 35,783 shares in the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Analyst Ratings Changes

FSBC has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating and set a $38.50 target price on shares of Five Star Bancorp in a research report on Thursday, January 30th. Raymond James reaffirmed an “outperform” rating and set a $35.00 target price (down previously from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. Stephens reaffirmed an “overweight” rating and set a $37.00 target price on shares of Five Star Bancorp in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th.

About Five Star Bancorp

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.