Five Star Bancorp (NASDAQ:FSBC) CEO Sells $121,000.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 4,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. Following the completion of the sale, the chief executive officer now directly owns 476,381 shares of the company’s stock, valued at $14,410,525.25. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Five Star Bancorp Stock Performance

Shares of FSBC opened at $30.48 on Tuesday. The stock has a 50-day moving average of $30.43 and a two-hundred day moving average of $30.56. Five Star Bancorp has a one year low of $21.10 and a one year high of $35.13. The stock has a market cap of $649.80 million, a P/E ratio of 13.37 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.63 EPS for the quarter, topping 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%. Analysts predict that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.62%. Five Star Bancorp’s payout ratio is currently 35.09%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FSBC. Raymond James reissued an “outperform” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lowered 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. DA Davidson reissued a “buy” rating and issued a $38.50 price objective on shares of Five Star Bancorp in a research report on Thursday, January 30th. Finally, Stephens reaffirmed an “overweight” rating and set a $37.00 price target on shares of Five Star Bancorp in a research report on Tuesday, January 28th.

Hedge Funds Weigh In On Five Star Bancorp

A number of institutional investors have recently modified their holdings of FSBC. BNP Paribas Financial Markets purchased a new position in shares of Five Star Bancorp during the 4th quarter valued at about $60,000. Public Employees Retirement System of Ohio raised 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 valued at $90,000 after buying an additional 1,427 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Five Star Bancorp during the 4th quarter valued at about $108,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Five Star Bancorp during the 3rd quarter valued at about $109,000. Finally, Intech Investment Management LLC purchased a new position in shares of Five Star Bancorp during the 4th quarter valued at about $217,000. Hedge funds and other 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.