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

Key Points

• Quarterly dividend: Five Star Bancorp declared a $0.25 quarterly dividend (annualized $1.00, ~2.4% yield) with record and ex-dividend date on May 4 and payment on May 11; the payout is comfortably covered (31.8% payout ratio) and analysts forecast earnings that should keep the dividend sustainable (consensus ~$3.92 EPS next year, implying ~25.5% payout).
• Market and fundamentals: FSBC trades around $41.09 (market cap ≈ $878M) with a P/E of ~13.0; last quarter EPS was $0.83, net margin 25.2% and ROE 15.6%, while insiders recently sold small stakes and insiders/institutions own about 21.8% and 46.9% of the stock, respectively.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) announced a quarterly dividend on Thursday, April 16th. Investors of record on Monday, May 4th will be paid a dividend of 0.25 per share on Monday, May 11th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, May 4th.

Five Star Bancorp has a dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Five Star Bancorp to earn $3.92 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 25.5%.

Five Star Bancorp Price Performance

FSBC stock traded up $0.64 during trading on Friday, hitting $41.09. 74,099 shares of the stock traded hands, compared to its average volume of 97,339. Five Star Bancorp has a 1 year low of $26.20 and a 1 year high of $42.26. The firm's 50 day moving average is $38.89 and its two-hundred day moving average is $37.35. The stock has a market cap of $878.34 million, a price-to-earnings ratio of 13.04 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The company reported $0.83 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 for the quarter. As a group, analysts anticipate that Five Star Bancorp will post 3.5 EPS for the current fiscal year.

Insider Activity at Five Star Bancorp

In other news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the transaction, the chief executive officer owned 473,014 shares in the company, valued at $17,340,693.24. This represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Eugene Lee sold 1,200 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $39.30, for a total transaction of $47,160.00. Following the completion of the transaction, the senior vice president owned 35,272 shares in the company, valued at $1,386,189.60. This trade represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 21.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Five Star Bancorp

Several institutional investors have recently made changes to their positions in FSBC. State of Alaska Department of Revenue bought a new position in shares of Five Star Bancorp in the 3rd quarter worth approximately $27,000. Russell Investments Group Ltd. bought a new position in shares of Five Star Bancorp in the 2nd quarter worth approximately $34,000. Quarry LP bought a new stake in Five Star Bancorp during the 3rd quarter worth approximately $40,000. Raymond James Financial Inc. bought a new stake in Five Star Bancorp during the 2nd quarter worth approximately $64,000. Finally, CWM LLC raised its stake in Five Star Bancorp by 103.3% during the 3rd quarter. CWM LLC now owns 2,129 shares of the company's stock worth $69,000 after acquiring an additional 1,082 shares during the period. Institutional investors own 46.94% of the company's stock.

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.

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