Lydia Ann Ramirez-Medina Sells 600 Shares of Five Star Bancorp (NASDAQ:FSBC) Stock

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) COO Lydia Ann Ramirez-Medina sold 600 shares of Five Star Bancorp stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $27.43, for a total transaction of $16,458.00. Following the completion of the transaction, the chief operating officer now directly owns 12,785 shares of the company's stock, valued at $350,692.55. The trade was a 4.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Five Star Bancorp Price Performance

NASDAQ FSBC traded down $0.14 on Wednesday, hitting $28.30. The stock had a trading volume of 51,577 shares, compared to its average volume of 55,924. The stock has a market cap of $603.61 million, a price-to-earnings ratio of 12.41 and a beta of 0.51. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $35.13. The business's fifty day moving average price is $27.38 and its 200 day moving average price is $29.35.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $35.34 million during the quarter, compared to the consensus estimate 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 anticipate that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. Five Star Bancorp's dividend payout ratio is currently 35.09%.

Institutional Investors Weigh In On Five Star Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FSBC. Vanguard Group Inc. raised its stake in Five Star Bancorp by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 862,647 shares of the company's stock worth $23,982,000 after acquiring an additional 22,505 shares during the last quarter. Invesco Ltd. raised its stake in shares of Five Star Bancorp by 4.1% in the first quarter. Invesco Ltd. now owns 360,777 shares of the company's stock worth $10,030,000 after purchasing an additional 14,126 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Five Star Bancorp by 15.7% in the first quarter. American Century Companies Inc. now owns 302,637 shares of the company's stock worth $8,413,000 after purchasing an additional 41,143 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Five Star Bancorp by 27.8% during the first quarter. Adage Capital Partners GP L.L.C. now owns 232,665 shares of the company's stock worth $6,468,000 after purchasing an additional 50,606 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Five Star Bancorp by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 177,091 shares of the company's stock valued at $5,329,000 after buying an additional 14,885 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. DA Davidson lowered 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, April 30th. Citigroup reaffirmed an "outperform" rating on shares of Five Star Bancorp in a research note on Wednesday, April 30th. Finally, Raymond James dropped their target price 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, April 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Five Star Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Five Star Bancorp Company Profile

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.