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 company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $27.74, for a total value of $178,340.46. Following the completion of the sale, the chief executive officer now owns 469,952 shares of the company's stock, valued at approximately $13,036,468.48. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Five Star Bancorp Trading Down 3.5%

FSBC traded down $0.98 during mid-day trading on Friday, hitting $27.07. 45,739 shares of the stock were exchanged, compared to its average volume of 55,452. The firm's fifty day moving average is $27.53 and its two-hundred day moving average is $29.24. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $35.13. The company has a market cap of $577.38 million, a PE ratio of 11.87 and a beta of 0.51.

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 (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. The firm had revenue of $35.34 million for the quarter, compared to analyst estimates of $35.27 million. As a group, research analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.96%. The ex-dividend date was Monday, May 5th. Five Star Bancorp's payout ratio is 35.09%.

Hedge Funds Weigh In On Five Star Bancorp

Several hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Five Star Bancorp by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company's stock worth $275,000 after acquiring an additional 390 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Five Star Bancorp by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 10,030 shares of the company's stock worth $302,000 after acquiring an additional 822 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings 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 purchasing an additional 1,427 shares during the period. PDT Partners LLC increased its holdings in Five Star Bancorp by 22.4% during the 4th quarter. PDT Partners LLC now owns 10,049 shares of the company's stock worth $302,000 after purchasing an additional 1,840 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Five Star Bancorp during the 4th quarter worth about $60,000. Institutional investors and hedge funds own 46.94% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. DA Davidson decreased their price target on Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating on the stock 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, Raymond James decreased their price target on Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Five Star Bancorp has an average rating of "Moderate Buy" and a consensus target price 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.