Five Star Bancorp (NASDAQ:FSBC) Short Interest Update

Five Star Bancorp (NASDAQ:FSBC) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 178,900 shares, a decrease of 12.4% from the October 31st total of 204,200 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 41,300 shares, the days-to-cover ratio is presently 4.3 days.

Insiders Place Their Bets

In other news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now owns 36,765 shares of the company’s stock, valued at $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Davis Asset Management L.P. boosted its stake in shares of Five Star Bancorp by 3.4% during the 2nd quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock worth $35,747,000 after buying an additional 50,000 shares during the last quarter. Vanguard Group Inc. boosted its position in Five Star Bancorp by 31.9% during the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock valued at $16,064,000 after purchasing an additional 172,507 shares during the last quarter. Geode Capital Management LLC grew its stake in Five Star Bancorp by 7.2% in the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after purchasing an additional 25,374 shares in the last quarter. State Street Corp grew its stake in Five Star Bancorp by 21.7% in the third quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after purchasing an additional 66,602 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Five Star Bancorp by 32.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after purchasing an additional 39,256 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Stock Performance

NASDAQ FSBC traded down $0.21 on Friday, reaching $32.95. The company had a trading volume of 30,318 shares, compared to its average volume of 46,298. The company’s fifty day moving average is $30.88 and its 200-day moving average is $27.70. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13. The firm has a market capitalization of $702.49 million, a price-to-earnings ratio of 14.45 and a beta of 0.41.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). The firm had revenue of $54.05 million for the quarter. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. During the same period in the previous year, the firm posted $0.64 EPS. On average, research analysts forecast that Five Star Bancorp will post 2.16 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Monday, November 4th. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

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.