Lydia Ann Ramirez-Medina Sells 500 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC) COO Lydia Ann Ramirez-Medina sold 500 shares of Five Star Bancorp stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $29.52, for a total transaction of $14,760.00. Following the transaction, the chief operating officer now directly owns 10,256 shares in the company, valued at $302,757.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Five Star Bancorp Stock Up 0.1 %

NASDAQ:FSBC traded up $0.03 during trading hours on Tuesday, reaching $29.46. 7,204 shares of the company traded hands, compared to its average volume of 50,046. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average price is $24.36 and its two-hundred day moving average price is $23.52. Five Star Bancorp has a 1 year low of $18.50 and a 1 year high of $30.03. The stock has a market capitalization of $628.09 million, a P/E ratio of 11.20 and a beta of 0.41.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $49.37 million for the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 15.23%. During the same quarter in the previous year, the firm earned $0.77 EPS. Analysts predict that Five Star Bancorp will post 2.15 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, August 5th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, August 5th. Five Star Bancorp’s dividend payout ratio (DPR) is currently 30.42%.

Hedge Funds Weigh In On Five Star Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in Five Star Bancorp in the 4th quarter worth approximately $56,000. SG Americas Securities LLC bought a new position in shares of Five Star Bancorp in the fourth quarter worth about $144,000. Interval Partners LP purchased a new position in shares of Five Star Bancorp in the first quarter worth $450,000. Swiss National Bank boosted its holdings in shares of Five Star Bancorp by 8.3% during the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Five Star Bancorp by 2.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after purchasing an additional 797 shares in the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FSBC has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday. Stephens lifted their price target on Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, DA Davidson increased their price objective on Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a research note on Friday.

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.