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

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

Five Star Bancorp Price Performance

Shares of NASDAQ:FSBC traded down $0.98 during midday trading on Friday, hitting $27.07. 45,739 shares of the company's stock were exchanged, compared to its average volume of 55,313. Five Star Bancorp has a 12 month low of $22.22 and a 12 month 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. The stock has a 50 day moving average price of $27.50 and a 200-day moving average price of $29.31.

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, analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on FSBC. Raymond James reduced their price objective on shares of 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. DA Davidson lowered their price objective on shares of Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup reiterated an "outperform" rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Five Star Bancorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Institutional Trading of Five Star Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in FSBC. Millennium Management LLC bought a new stake in Five Star Bancorp in the 4th quarter worth about $862,000. BNP Paribas Financial Markets bought a new position in shares of Five Star Bancorp in the fourth quarter valued at approximately $60,000. JPMorgan Chase & Co. boosted its holdings in shares of Five Star Bancorp by 153.1% in 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% 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 buying an additional 35,783 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Five Star Bancorp by 6.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,514 shares of the company's stock worth $286,000 after buying an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company's stock.

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.