Five Star Bancorp (NASDAQ:FSBC) COO Sells $16,396.00 in Stock

Key Points

• Lydia Ann Ramirez‑Medina, Five Star Bancorp's COO, sold 400 shares on May 6 at an average price of $40.99 for $16,396, reducing her stake to 10,960 shares (a 3.52% decrease), according to the SEC filing.
• Five Star declared a quarterly dividend of $0.25 (ex‑dividend May 4, payable May 11), equal to $1.00 annually and a 2.4% yield with a 31.75% payout ratio.
• FSBC traded near $41.24 (down 0.2%) with a market cap of about $882M and a PE of 13.09; analysts hold a consensus "Moderate Buy" with a $42.30 target and expect roughly 3.58 EPS for the year.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) COO Lydia Ann Ramirez-Medina sold 400 shares of the business's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $40.99, for a total transaction of $16,396.00. Following the completion of the sale, the chief operating officer directly owned 10,960 shares of the company's stock, valued at $449,250.40. This represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Five Star Bancorp Stock Down 0.2%

FSBC stock traded down $0.07 during trading hours on Thursday, hitting $41.24. The company's stock had a trading volume of 76,656 shares, compared to its average volume of 81,544. The company has a market capitalization of $881.71 million, a PE ratio of 13.09 and a beta of 0.54. Five Star Bancorp has a 12 month low of $26.20 and a 12 month high of $42.26. The stock has a 50 day moving average price of $38.93 and a two-hundred day moving average price of $37.55.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its earnings results 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 during the quarter. Sell-side analysts expect that Five Star Bancorp will post 3.58 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, May 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Five Star Bancorp's dividend payout ratio (DPR) is 31.75%.

Institutional Investors Weigh In On Five Star Bancorp

A number of hedge funds have recently added to or reduced their stakes in FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Five Star Bancorp by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company's stock valued at $275,000 after purchasing an additional 390 shares during the last quarter. First Trust Advisors LP lifted its stake in Five Star Bancorp by 3.4% in the second quarter. First Trust Advisors LP now owns 13,816 shares of the company's stock valued at $394,000 after buying an additional 458 shares in the last quarter. Swiss National Bank lifted its stake in Five Star Bancorp by 1.9% in the fourth quarter. Swiss National Bank now owns 31,596 shares of the company's stock valued at $1,131,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Five Star Bancorp in the third quarter valued at approximately $27,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Five Star Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 139,221 shares of the company's stock valued at $4,981,000 after buying an additional 1,036 shares in the last quarter. Institutional investors own 46.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. DA Davidson increased their price target on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a "buy" rating in a report on Wednesday, April 29th. Stephens increased their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 29th. Weiss Ratings restated a "buy (b-)" rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.