Five Star Bancorp (NASDAQ:FSBC) Announces $0.25 Quarterly Dividend

Five Star Bancorp (NASDAQ:FSBC) declared a quarterly dividend on Thursday, July 16th. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.25 per share on Monday, August 10th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 3rd.

Five Star Bancorp has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Five Star Bancorp to earn $3.74 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 26.7%.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $47.19 on Friday. The firm has a fifty day moving average price of $46.16 and a 200-day moving average price of $41.75. The stock has a market cap of $1.01 billion, a PE ratio of 13.96 and a beta of 0.53. Five Star Bancorp has a 1 year low of $28.34 and a 1 year high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings data 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 firm had revenue of $47.95 million for the quarter, compared to the consensus estimate of $47.72 million. On average, research analysts expect that Five Star Bancorp will post 3.5 EPS for the current year.

Insider Activity

In related news, Director Donna Lucas purchased 1,136 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was bought at an average cost of $44.00 per share, for a total transaction of $49,984.00. Following the completion of the transaction, the director directly owned 14,254 shares in the company, valued at $627,176. This represents a 8.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kevin Francis Ramos acquired 5,682 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the transaction, the director directly owned 177,546 shares of the company’s stock, valued at approximately $7,812,024. The trade was a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 142,727 shares of company stock worth $6,279,988 and sold 12,692 shares worth $524,640. 21.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five Star Bancorp

Large investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. raised its stake in shares of Five Star Bancorp by 81.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company’s stock valued at $4,449,000 after acquiring an additional 55,698 shares in the last quarter. Kennedy Capital Management LLC grew its stake in Five Star Bancorp by 14.8% in the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock worth $15,701,000 after purchasing an additional 56,412 shares in the last quarter. Inspire Investing LLC grew its stake in Five Star Bancorp by 348.0% in the first quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock worth $2,211,000 after purchasing an additional 45,541 shares in the last quarter. 1492 Capital Management LLC grew its stake in Five Star Bancorp by 33.7% in the first quarter. 1492 Capital Management LLC now owns 8,373 shares of the company’s stock worth $316,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Five Star Bancorp during the 2nd quarter worth $34,000. 46.94% of the stock is owned by hedge funds and other institutional investors.

About Five Star Bancorp

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.