Five Star Bancorp (NASDAQ:FSBC) SVP Michael Eugene Lee Sells 1,641 Shares

Five Star Bancorp (NASDAQ:FSBC) SVP Michael Eugene Lee sold 1,641 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $41.26, for a total transaction of $67,707.66. Following the transaction, the senior vice president owned 33,631 shares in the company, valued at $1,387,615.06. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Eugene Lee also recently made the following trade(s):

• On Friday, February 20th, Michael Eugene Lee sold 1,200 shares of Five Star Bancorp stock. The shares were sold at an average price of $39.30, for a total value of $47,160.00.

Five Star Bancorp Trading Up 1.2%

FSBC opened at $41.74 on Friday. The stock has a market cap of $892.40 million, a PE ratio of 13.25 and a beta of 0.54. The stock’s fifty day simple moving average is $38.96 and its 200 day simple moving average is $37.61. Five Star Bancorp has a 1-year low of $26.20 and a 1-year high of $42.26.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Friday, February 27th. The company reported $0.83 earnings per share (EPS) for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.56%. The company had revenue of $43.47 million during the quarter. Equities analysts forecast that Five Star Bancorp will post 3.58 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, May 4th. Five Star Bancorp’s payout ratio is currently 31.75%.

Institutional Trading of Five Star Bancorp

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 acquiring an additional 390 shares during the last quarter. First Trust Advisors LP lifted its stake in Five Star Bancorp by 3.4% during the second quarter. First Trust Advisors LP now owns 13,816 shares of the company’s stock worth $394,000 after purchasing an additional 458 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Five Star Bancorp by 1.9% in the 4th quarter. Swiss National Bank now owns 31,596 shares of the company’s stock valued at $1,131,000 after purchasing an additional 600 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Five Star Bancorp in the 3rd quarter valued at $27,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Five Star Bancorp by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 139,221 shares of the company’s stock valued at $4,981,000 after purchasing an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FSBC shares. DA Davidson lifted their price target on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Stephens upped their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods increased their price objective on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.30.

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.