Five Star Bancorp (NASDAQ:FSBC) Shares Gap Down - Time to Sell?

Shares of Five Star Bancorp (NASDAQ:FSBC - Get Free Report) gapped down before the market opened 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 research firms have weighed in on FSBC. DA Davidson dropped their price objective on shares of Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods reduced their price objective on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a research report on Thursday, January 30th. Stephens reaffirmed an "overweight" rating and issued a $37.00 price objective on shares of Five Star Bancorp in a research note on Tuesday, January 28th. Finally, Raymond James lowered their price target on 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 Performance

The stock has a market capitalization of $603.70 million, a price-to-earnings ratio of 12.37 and a beta of 0.52. The company's 50 day moving average is $27.69 and its 200 day moving average is $30.01.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $35.34 million during the quarter, compared to analyst estimates of $35.27 million. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. On average, equities research analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently disclosed 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. This represents a $0.80 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Monday, May 5th. Five Star Bancorp's payout ratio is presently 35.09%.

Insiders Place Their Bets

In other news, Director Donna Lucas bought 2,650 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $28.43 per share, with a total value of $75,339.50. Following the completion of the purchase, the director now owns 12,076 shares of the company's stock, valued at approximately $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James Eugene Beckwith sold 4,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. Following the transaction, the chief executive officer now directly owns 476,381 shares of the company's stock, valued at $14,410,525.25. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 25.57% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its holdings in shares of Five Star Bancorp by 31.1% in the fourth quarter. American Century Companies Inc. now owns 261,494 shares of the company's stock valued at $7,868,000 after purchasing an additional 62,041 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Five Star Bancorp by 153.1% during the 4th quarter. JPMorgan Chase & Co. now owns 59,456 shares of the company's stock worth $1,789,000 after buying an additional 35,967 shares during the last quarter. Bank of New York Mellon Corp grew its position in Five Star Bancorp by 47.0% in the fourth quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company's stock valued at $3,365,000 after acquiring an additional 35,783 shares during the last quarter. Millennium Management LLC acquired a new position in Five Star Bancorp during the fourth quarter worth about $862,000. Finally, Bragg Financial Advisors Inc bought a new stake in shares of Five Star Bancorp during the 4th quarter valued at approximately $762,000. Institutional investors and hedge funds own 46.94% of the company's stock.

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.