Five Star Bancorp (NASDAQ:FSBC) Short Interest Up 7.1% in December

Five Star Bancorp (NASDAQ:FSBC) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 181,100 shares, an increase of 7.1% from the November 30th total of 169,100 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 38,200 shares, the days-to-cover ratio is currently 4.7 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FSBC. Keefe, Bruyette & Woods lifted their price target on shares of Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Raymond James initiated coverage on Five Star Bancorp in a research report on Thursday, December 19th. They set an “outperform” rating and a $38.00 price objective for the company.

Five Star Bancorp Stock Performance

NASDAQ FSBC opened at $30.15 on Thursday. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13. The firm has a 50-day moving average of $31.91 and a 200-day moving average of $29.15. The stock has a market cap of $642.77 million, a PE ratio of 13.22 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly 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). The business had revenue of $54.05 million for the quarter. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. During the same quarter last year, the company posted $0.64 earnings per share. As a group, analysts predict that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.65%. The ex-dividend date was Monday, November 4th. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Insiders Place Their Bets

In other news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now owns 36,765 shares in the company, valued at $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FSBC. Charles Schwab Investment Management Inc. grew its stake in shares of Five Star Bancorp by 201.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after buying an additional 89,834 shares during the last quarter. State Street Corp raised its position in Five Star Bancorp by 21.7% in the third 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 during the last quarter. American Century Companies Inc. increased its stake in shares of Five Star Bancorp by 116.5% in the second quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock valued at $2,642,000 after buying an additional 60,118 shares during the period. Davis Asset Management L.P. raised its holdings in Five Star Bancorp by 3.4% in the 2nd quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock valued at $35,747,000 after buying an additional 50,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Five Star Bancorp by 32.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after buying an additional 39,256 shares during the period. 46.94% of the stock is owned by 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.