Insider Buying: Five Star Bancorp (NASDAQ:FSBC) Director Buys $250,008.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) Director Kevin Francis Ramos bought 5,682 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average cost of $44.00 per share, with a total value of $250,008.00. Following the completion of the acquisition, the director owned 177,546 shares of the company’s stock, valued at $7,812,024. This represents a 3.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Five Star Bancorp Stock Down 0.4%

Five Star Bancorp stock opened at $47.24 on Friday. Five Star Bancorp has a 52-week low of $28.34 and a 52-week high of $50.26. The firm’s fifty day moving average is $46.05 and its 200 day moving average is $41.71. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 13.98 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $47.95 million during the quarter, compared to analysts’ expectations of $47.72 million. On average, equities research analysts anticipate that Five Star Bancorp will post 3.5 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 29.59%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in Five Star Bancorp during the 2nd quarter valued at about $34,000. Quarry LP bought a new stake in Five Star Bancorp in the third quarter worth about $40,000. State of Alaska Department of Revenue lifted its stake in Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after purchasing an additional 1,322 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Five Star Bancorp during the second quarter valued at approximately $64,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Five Star Bancorp by 65.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock valued at $98,000 after buying an additional 1,359 shares during the period. Institutional investors own 46.94% of the company’s stock.

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.