Five Star Bancorp (NASDAQ:FSBC) Director Acquires $49,984.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) Director Donna Lucas purchased 1,136 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average price of $44.00 per share, for a total transaction of $49,984.00. Following the completion of the acquisition, the director directly owned 14,254 shares in the company, valued at $627,176. The trade was a 8.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Five Star Bancorp Price Performance

Five Star Bancorp stock opened at $47.24 on Friday. Five Star Bancorp has a 1-year low of $28.34 and a 1-year high of $50.26. The firm has a market capitalization of $1.01 billion, a P/E ratio of 13.98 and a beta of 0.53. The company’s 50-day moving average is $46.05 and its 200 day moving average is $41.71.

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

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is currently 29.59%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Five Star Bancorp

Hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its stake in shares of Five Star Bancorp by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock valued at $72,182,000 after buying an additional 18,668 shares during the period. Vanguard Group Inc. lifted its stake in Five Star Bancorp by 1.7% in the third quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock worth $29,017,000 after acquiring an additional 15,183 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in Five Star Bancorp by 75.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock worth $20,388,000 after acquiring an additional 245,727 shares during the period. Kennedy Capital Management LLC grew its holdings in Five Star Bancorp by 14.8% during the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock worth $15,701,000 after acquiring an additional 56,412 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Five Star Bancorp by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock worth $14,285,000 after acquiring an additional 5,038 shares in the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

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.