Five Star Bancorp (NASDAQ:FSBC) Sees Significant Growth in Short Interest

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

Insider Transactions at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total value of $46,005.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five Star Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FSBC. Charles Schwab Investment Management Inc. lifted its stake in Five Star Bancorp by 201.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after acquiring an additional 89,834 shares in the last quarter. State Street Corp lifted its position in shares of Five Star Bancorp by 21.7% during the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after buying an additional 66,602 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Five Star Bancorp by 116.5% in the 2nd quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock worth $2,642,000 after buying an additional 60,118 shares during the last quarter. Davis Asset Management L.P. boosted its stake in shares of 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 worth $35,747,000 after buying an additional 50,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Five Star Bancorp by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock valued at $3,797,000 after acquiring an additional 39,256 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Analyst Ratings Changes

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

Five Star Bancorp Price Performance

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

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data 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 net margin of 21.35% and a return on equity of 12.80%. The firm had revenue of $54.05 million during the quarter. During the same period in the previous year, the business earned $0.64 earnings per share. Analysts expect that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

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

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.