Five Star Bancorp (NASDAQ:FSBC) Sees Large Volume Increase – Here’s What Happened

Five Star Bancorp (NASDAQ:FSBC) shares saw unusually-strong trading volume on Tuesday . Approximately 121,698 shares were traded during mid-day trading, an increase of 127% from the previous session’s volume of 53,577 shares.The stock last traded at $28.64 and had previously closed at $28.36.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Stephens reiterated an “overweight” rating and set a $37.00 price objective on shares of Five Star Bancorp in a research note on Tuesday, January 28th. Raymond James reiterated 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. Keefe, Bruyette & Woods decreased their price objective on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $38.50 target price on shares of Five Star Bancorp in a report on Thursday, January 30th.

Five Star Bancorp Stock Down 0.3 %

The firm has a market capitalization of $604.89 million, a PE ratio of 12.44 and a beta of 0.48. The business has a 50-day moving average price of $29.97 and a 200-day moving average price of $30.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. On average, equities research analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling at Five Star Bancorp

In other news, Director Donna Lucas acquired 2,650 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $28.43 per share, with a total value of $75,339.50. Following the completion of the purchase, the director now owns 12,076 shares of the company’s stock, valued at $343,320.68. This represents a 28.11 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. Following the transaction, the chief executive officer now directly owns 476,381 shares in the company, valued at approximately $14,410,525.25. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. 25.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Five Star Bancorp by 201.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after acquiring an additional 89,834 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Five Star Bancorp during the 3rd quarter worth about $109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Five Star Bancorp by 25.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock valued at $667,000 after purchasing an additional 4,564 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Five Star Bancorp in the 3rd quarter valued at about $244,000. Finally, State Street Corp grew its position in shares of Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after buying an additional 66,602 shares in the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

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.