Five Star Bancorp (NASDAQ:FSBC) EVP Sells 4,307 Shares of Stock

Key Points

• EVP Lydia Ramirez-Medina sold 4,307 shares at an average price of $44.92, totaling about $193,470. She retained 9,368 shares after the sale, a 31.5% reduction in her position.
• Five Star Bancorp reported quarterly EPS of $0.92, beating the $0.85 consensus estimate; revenue of $52.62 million also exceeded forecasts.
• The company declared a quarterly dividend of $0.25 per share, equivalent to an annualized $1.00 and a 2.2% yield. Analysts’ consensus rating was Hold, with an average price target of $49.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) EVP Lydia Ramirez-Medina sold 4,307 shares of the business's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $44.92, for a total transaction of $193,470.44. Following the completion of the transaction, the executive vice president owned 9,368 shares in the company, valued at approximately $420,810.56. The trade was a 31.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Five Star Bancorp Stock Down 1.1%

FSBC traded down $0.50 during trading on Tuesday, hitting $44.83. 155,053 shares of the company's stock were exchanged, compared to its average volume of 131,160. The stock has a market cap of $1.10 billion, a P/E ratio of 12.70 and a beta of 0.55. The business's 50 day moving average is $44.39 and its two-hundred day moving average is $42.81. Five Star Bancorp has a fifty-two week low of $32.20 and a fifty-two week high of $50.26.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. The firm had revenue of $52.62 million during the quarter, compared to analyst estimates of $51.31 million. Five Star Bancorp had a net margin of 26.58% and a return on equity of 16.89%. On average, sell-side analysts forecast that Five Star Bancorp will post 3.55 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. Five Star Bancorp's dividend payout ratio is presently 28.33%.

Institutional Trading of Five Star Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Davis Asset Management L.P. purchased a new position in Five Star Bancorp in the 2nd quarter valued at $73,595,000. BlackRock Inc. purchased a new stake in shares of Five Star Bancorp during the second quarter worth $64,816,000. Dimensional Fund Advisors LP boosted its holdings in Five Star Bancorp by 12.0% in the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company's stock valued at $12,143,000 after purchasing an additional 34,396 shares during the period. Bank of New York Mellon Corp acquired a new position in Five Star Bancorp during the 2nd quarter worth $4,642,000. Finally, Squarepoint Ops LLC purchased a new stake in Five Star Bancorp during the 2nd quarter worth about $1,994,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FSBC shares. Zacks Research raised shares of Five Star Bancorp from a "strong sell" rating to a "hold" rating in a research report on Friday, August 28th. Stephens reduced their price target on shares of Five Star Bancorp from $50.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday. DA Davidson reissued a "buy" rating and set a $55.00 price objective on shares of Five Star Bancorp in a report on Tuesday, October 27th. Finally, Weiss Ratings cut shares of Five Star Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $49.00.

Five Star Bancorp Company Profile

Five Star Bancorp is the bank holding company for Five Star Bank, a community bank headquartered in the Sacramento, California, area. The bank provides commercial banking services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based banking and local market expertise.

Five Star Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts, along with commercial lending solutions. Its lending activities include commercial real estate, construction and land development, commercial and industrial, small business and residential real estate loans.

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.