Five Star Bancorp (NASDAQ:FSBC) CEO Sells $178,340.46 in Stock

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) CEO James Eugene Beckwith sold 6,429 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $27.74, for a total value of $178,340.46. Following the sale, the chief executive officer now owns 469,952 shares of the company's stock, valued at approximately $13,036,468.48. This represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Five Star Bancorp Stock Down 1.2%

FSBC traded down $0.34 during trading on Thursday, hitting $27.96. 19,917 shares of the company's stock were exchanged, compared to its average volume of 55,490. The stock has a market cap of $596.36 million, a P/E ratio of 12.26 and a beta of 0.51. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $35.13. The business's 50 day moving average is $27.45 and its two-hundred day moving average is $29.34.

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

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Monday, May 5th. Five Star Bancorp's dividend payout ratio is 35.09%.

Institutional Trading of Five Star Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in Five Star Bancorp in the 4th quarter worth about $60,000. Millennium Management LLC bought a new position in shares of Five Star Bancorp in the fourth quarter valued at approximately $862,000. JPMorgan Chase & Co. increased its position in shares of Five Star Bancorp by 153.1% during the fourth quarter. JPMorgan Chase & Co. now owns 59,456 shares of the company's stock valued at $1,789,000 after acquiring an additional 35,967 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Five Star Bancorp by 47.0% during 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Five Star Bancorp by 6.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,514 shares of the company's stock worth $286,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company's stock.

Wall Street Analyst Weigh In

FSBC has been the subject of a number of analyst reports. Raymond James dropped their price target on Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Citigroup reaffirmed an "outperform" rating on shares of Five Star Bancorp in a research note on Wednesday, April 30th. Finally, DA Davidson lowered their price objective on Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.00.

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.