Five Star Bancorp (NASDAQ:FSBC) Short Interest Up 81.1% in June

Five Star Bancorp (NASDAQ:FSBC) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 241,200 shares, a growth of 81.1% from the June 15th total of 133,200 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 60,900 shares, the short-interest ratio is currently 4.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Five Star Bancorp by 31.9% during the 1st quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock worth $16,064,000 after purchasing an additional 172,507 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Five Star Bancorp by 42.3% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 310,479 shares of the company’s stock worth $6,986,000 after buying an additional 92,260 shares during the period. Kennedy Capital Management LLC boosted its holdings in shares of Five Star Bancorp by 364.2% during the 1st quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock worth $4,285,000 after buying an additional 149,424 shares during the period. Stieven Capital Advisors L.P. bought a new stake in shares of Five Star Bancorp during the 1st quarter worth about $3,150,000. Finally, Cox Capital Mgt LLC boosted its holdings in shares of Five Star Bancorp by 2.8% during the 1st quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock worth $1,787,000 after buying an additional 2,150 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Five Star Bancorp Stock Performance

Shares of FSBC stock remained flat at $24.66 during trading hours on Friday. 62,459 shares of the stock traded hands, compared to its average volume of 47,931. The company has a 50 day moving average of $22.97 and a 200 day moving average of $23.37. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. Five Star Bancorp has a 52 week low of $18.50 and a 52 week high of $28.25. The stock has a market cap of $525.75 million, a P/E ratio of 9.38 and a beta of 0.41.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $49.37 million during the quarter. Five Star Bancorp had a net margin of 23.84% and a return on equity of 16.12%. During the same period in the prior year, the company earned $0.77 EPS. On average, research analysts forecast that Five Star Bancorp will post 2.15 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Monday, May 6th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Friday, May 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is currently 30.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FSBC shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $27.00 price objective on shares of Five Star Bancorp in a report on Monday, April 1st. DA Davidson restated a “buy” rating and issued a $29.00 price objective on shares of Five Star Bancorp in a report on Tuesday, April 30th.

About Five Star Bancorp

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.