Five Star Bancorp (NASDAQ:FSBC) Director Acquires $1,379,972.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) Director Robert Truxtun Perry-Smith acquired 31,363 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, with a total value of $1,379,972.00. Following the transaction, the director directly owned 258,898 shares of the company’s stock, valued at $11,391,512. This trade represents a 13.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Five Star Bancorp Stock Down 0.4%

FSBC stock opened at $47.24 on Friday. Five Star Bancorp has a 12 month low of $28.34 and a 12 month high of $50.26. The firm has a market cap of $1.01 billion, a P/E ratio of 13.98 and a beta of 0.53. The company’s 50-day moving average price is $46.05 and its two-hundred day moving average price is $41.71.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. Five Star Bancorp had a net margin of 25.92% and a return on equity of 16.17%. The company had revenue of $47.95 million during the quarter, compared to analysts’ expectations of $47.72 million. Equities analysts predict that Five Star Bancorp will post 3.5 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 3rd. Five Star Bancorp’s payout ratio is currently 29.59%.

Hedge Funds Weigh In On Five Star Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after buying an additional 390 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Five Star Bancorp during the first quarter worth $889,000. Russell Investments Group Ltd. acquired a new position in shares of Five Star Bancorp during the second quarter worth $34,000. First Trust Advisors LP lifted its stake in shares of Five Star Bancorp by 3.4% in the 2nd quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock valued at $394,000 after acquiring an additional 458 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Five Star Bancorp in the 2nd quarter valued at $509,000. Institutional investors own 46.94% of the company’s stock.

Wall Street Analyst Weigh In

FSBC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. DA Davidson boosted their price target on Five Star Bancorp from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens set a $51.00 price objective on Five Star Bancorp in a research report on Monday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.20.

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.