Insider Buying: Five Star Bancorp (NASDAQ:FSBC) Director Acquires $75,339.50 in Stock

Five Star Bancorp (NASDAQ:FSBC) Director Donna Lucas acquired 2,650 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the transaction, the director now owns 12,076 shares in the company, valued at $343,320.68. The trade was a 28.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Five Star Bancorp Trading Up 1.0 %

FSBC stock opened at $28.28 on Monday. Five Star Bancorp has a 52 week low of $21.10 and a 52 week high of $35.13. The company has a market capitalization of $603.18 million, a price-to-earnings ratio of 12.40 and a beta of 0.48. The firm’s 50-day moving average is $30.17 and its two-hundred day moving average is $30.56.

Five Star Bancorp (NASDAQ:FSBC) last released 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 net margin of 21.40% and a return on equity of 12.89%. On average, equities research analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a $0.20 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. Five Star Bancorp’s payout ratio is currently 35.09%.

Institutional Trading of Five Star Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in FSBC. Charles Schwab Investment Management Inc. raised its holdings in shares of Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after purchasing an additional 89,834 shares in the last quarter. State Street Corp raised its holdings in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after purchasing an additional 66,602 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Five Star Bancorp by 31.1% in the 4th quarter. American Century Companies Inc. now owns 261,494 shares of the company’s stock worth $7,868,000 after purchasing an additional 62,041 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Five Star Bancorp by 153.1% in the 4th quarter. JPMorgan Chase & Co. now owns 59,456 shares of the company’s stock worth $1,789,000 after purchasing an additional 35,967 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Five Star Bancorp by 47.0% in the 4th quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company’s stock worth $3,365,000 after purchasing an additional 35,783 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FSBC. Stephens reiterated an “overweight” rating and issued a $37.00 price objective on shares of Five Star Bancorp in a research report on Tuesday, January 28th. DA Davidson reiterated a “buy” rating and issued a $38.50 price objective on shares of Five Star Bancorp in a research report on Thursday, January 30th. Keefe, Bruyette & Woods cut their price objective on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Finally, Raymond James restated an “outperform” rating and set a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th.

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.