Five Star Bancorp (NASDAQ:FSBC) Sets New 12-Month High – Here’s What Happened

Shares of Five Star Bancorp (NASDAQ:FSBC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.07 and last traded at $34.07, with a volume of 5484 shares. The stock had previously closed at $30.21.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Stephens raised their price objective on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 26th. DA Davidson lifted their price target on shares of Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, July 26th.

Five Star Bancorp Stock Down 0.2 %

The stock has a market capitalization of $694.18 million, a PE ratio of 14.31 and a beta of 0.41. The company’s fifty day moving average price is $29.72 and its 200-day moving average price is $26.49.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Five Star Bancorp had a return on equity of 13.50% and a net margin of 21.35%. The business had revenue of $54.05 million during the quarter. During the same period last year, the firm posted $0.64 earnings per share. Equities research analysts anticipate that Five Star Bancorp will post 2.16 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Monday, November 4th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the transaction, the senior vice president now directly owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FSBC. Acadian Asset Management LLC purchased a new stake in shares of Five Star Bancorp in the second quarter worth $124,000. SG Americas Securities LLC bought a new position in shares of Five Star Bancorp during the 3rd quarter valued at approximately $182,000. Inspire Investing LLC bought a new position in shares of Five Star Bancorp in the 3rd quarter valued at about $414,000. Interval Partners LP bought a new stake in Five Star Bancorp during the first quarter worth approximately $450,000. Finally, Swiss National Bank lifted its position in Five Star Bancorp by 8.3% in the first quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after buying an additional 1,700 shares during the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.