Five Star Bancorp (NASDAQ:FSBC) Shares Gap Down - Here's Why

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $27.04, but opened at $26.20. Five Star Bancorp shares last traded at $27.12, with a volume of 2,803 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stephens reaffirmed an "overweight" rating and set a $37.00 target price on shares of Five Star Bancorp in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reduced their price objective on shares of Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Thursday, January 30th. DA Davidson decreased their target price on shares of Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Raymond James cut their price target on shares of Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday.

Five Star Bancorp Stock Up 2.3 %

The firm has a 50-day moving average of $27.63 and a two-hundred day moving average of $29.98. The stock has a market capitalization of $601.05 million, a price-to-earnings ratio of 12.36 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $35.34 million for the quarter, compared to analysts' expectations of $35.27 million. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. As a group, sell-side analysts predict that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be given a $0.20 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. Five Star Bancorp's payout ratio is 35.09%.

Insider Activity

In other news, Director Donna Lucas acquired 2,650 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the acquisition, the director now owns 12,076 shares of the company's stock, valued at approximately $343,320.68. This represents a 28.11 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $30.25, for a total transaction of $121,000.00. Following the completion of the sale, the chief executive officer now owns 476,381 shares of the company's stock, valued at $14,410,525.25. This trade represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Five Star Bancorp

Several hedge funds have recently bought and sold shares of FSBC. BNP Paribas Financial Markets acquired a new stake in shares of Five Star Bancorp in the fourth quarter worth about $60,000. GAMMA Investing LLC boosted its holdings in shares of Five Star Bancorp by 8,240.7% during the 1st quarter. GAMMA Investing LLC now owns 2,252 shares of the company's stock worth $63,000 after buying an additional 2,225 shares during the period. Public Employees Retirement System of Ohio lifted its position in Five Star Bancorp by 91.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company's stock worth $90,000 after acquiring an additional 1,427 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Five Star Bancorp during the fourth quarter valued at about $108,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Five Star Bancorp in the fourth quarter valued at about $217,000. 46.94% of the stock is owned by institutional investors and hedge funds.

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.