Five Star Bancorp (NASDAQ:FSBC) Director Purchases $75,339.50 in Stock

Five Star Bancorp (NASDAQ:FSBC) Director Donna Lucas purchased 2,650 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the acquisition, the director now directly owns 12,076 shares of the company’s stock, valued at $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Five Star Bancorp Stock Up 1.0 %

Shares of NASDAQ:FSBC traded up $0.29 during trading on Friday, reaching $28.28. 114,839 shares of the company traded hands, compared to its average volume of 50,758. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13. The firm has a market cap of $603.18 million, a P/E ratio of 12.40 and a beta of 0.48. The firm has a fifty day simple moving average of $30.20 and a 200 day simple moving average of $30.56.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, January 27th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. As a group, research analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.83%. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Five Star Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in shares of Five Star Bancorp by 91.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company’s stock worth $90,000 after purchasing an additional 1,427 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Five Star Bancorp in the fourth quarter worth $228,000. Millennium Management LLC acquired a new position in Five Star Bancorp during the fourth quarter worth $862,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Five Star Bancorp by 6.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,514 shares of the company’s stock valued at $286,000 after buying an additional 564 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Five Star Bancorp by 43.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,661 shares of the company’s stock worth $501,000 after buying an additional 5,022 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

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.