Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith Sells 6,428 Shares

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 6,428 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total transaction of $265,026.44. Following the transaction, the chief executive officer owned 466,586 shares in the company, valued at approximately $19,237,340.78. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

James Eugene Beckwith also recently made the following trade(s):

• On Monday, March 9th, James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock. The stock was sold at an average price of $36.66, for a total transaction of $146,640.00.

Five Star Bancorp Trading Down 0.1%

Shares of FSBC opened at $41.96 on Friday. The company has a market cap of $896.94 million, a price-to-earnings ratio of 13.32 and a beta of 0.54. Five Star Bancorp has a 1-year low of $26.20 and a 1-year high of $42.48. The company’s fifty day simple moving average is $39.53 and its 200 day simple moving average is $38.04.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Friday, February 27th. The company reported $0.83 EPS for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. The firm had revenue of $43.47 million during the quarter. As a group, research analysts forecast that Five Star Bancorp will post 3.58 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, May 4th. Five Star Bancorp’s payout ratio is presently 31.75%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in Five Star Bancorp by 59.6% during the first quarter. Bank of America Corp DE now owns 22,491 shares of the company’s stock worth $848,000 after acquiring an additional 8,402 shares in the last quarter. Quantinno Capital Management LP raised its stake in Five Star Bancorp by 123.6% during the first quarter. Quantinno Capital Management LP now owns 15,956 shares of the company’s stock worth $602,000 after acquiring an additional 8,821 shares in the last quarter. Sei Investments Co. raised its stake in Five Star Bancorp by 32.2% during the first quarter. Sei Investments Co. now owns 25,886 shares of the company’s stock worth $976,000 after acquiring an additional 6,299 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Five Star Bancorp by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock valued at $12,143,000 after buying an additional 34,396 shares during the period. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Five Star Bancorp by 24.9% in the first quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock valued at $5,857,000 after buying an additional 30,936 shares during the period. Institutional investors and hedge funds own 46.94% of the company’s stock.

Analyst Upgrades and Downgrades

FSBC has been the subject of several recent analyst reports. DA Davidson upped their price objective on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Stephens upped their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.30.

Five Star Bancorp Company Profile

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.