Insider Selling: Five Star Bancorp (NASDAQ:FSBC) SVP Sells 1,641 Shares of Stock

Key Points

• SVP Michael Eugene Lee sold 1,641 shares on May 7 at an average of $41.26 for about $67,708, reducing his stake by 4.65% to 33,631 shares valued at roughly $1.39 million.
• Five Star Bancorp announced a quarterly dividend of $0.25 per share (annualized $1.00) with an ex-dividend date of May 4 and payment on May 11, implying a yield of about 2.4% and a payout ratio of 31.75%.
• Analysts hold a consensus rating of “Moderate Buy” with a consensus target of $42.30 after several recent target increases, while the stock trades near $41.67 with a market cap of about $890.7 million and a P/E of 13.23.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) SVP Michael Eugene Lee sold 1,641 shares of the company's stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $41.26, for a total value of $67,707.66. Following the completion of the transaction, the senior vice president owned 33,631 shares of the company's stock, valued at $1,387,615.06. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Eugene Lee also recently made the following trade(s):

• On Friday, February 20th, Michael Eugene Lee sold 1,200 shares of Five Star Bancorp stock. The stock was sold at an average price of $39.30, for a total value of $47,160.00.

Five Star Bancorp Stock Up 1.0%

FSBC stock traded up $0.43 during midday trading on Friday, hitting $41.67. The company's stock had a trading volume of 35,362 shares, compared to its average volume of 80,965. The firm has a market capitalization of $890.74 million, a price-to-earnings ratio of 13.23 and a beta of 0.54. Five Star Bancorp has a 12 month low of $26.20 and a 12 month high of $42.26. The company has a 50 day moving average of $38.96 and a two-hundred day moving average of $37.61.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. The firm had revenue of $43.47 million during the quarter. Five Star Bancorp had a return on equity of 15.56% and a net margin of 25.23%. On average, analysts anticipate that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, May 4th. Five Star Bancorp's dividend payout ratio is currently 31.75%.

Institutional Trading of Five Star Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of FSBC. Adage Capital Partners GP L.L.C. increased its stake in Five Star Bancorp by 75.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company's stock worth $20,388,000 after purchasing an additional 245,727 shares during the period. Russell Investments Group Ltd. increased its stake in Five Star Bancorp by 4,770.8% in the third quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company's stock worth $1,892,000 after purchasing an additional 57,536 shares during the period. Kennedy Capital Management LLC increased its stake in Five Star Bancorp by 14.8% in the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company's stock worth $15,701,000 after purchasing an additional 56,412 shares during the period. Deprince Race & Zollo Inc. increased its stake in Five Star Bancorp by 81.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 124,338 shares of the company's stock worth $4,449,000 after purchasing an additional 55,698 shares during the period. Finally, Inspire Investing LLC increased its stake in Five Star Bancorp by 348.0% in the first quarter. Inspire Investing LLC now owns 58,627 shares of the company's stock worth $2,211,000 after purchasing an additional 45,541 shares during the period. Hedge funds and other institutional investors own 46.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company a "market perform" rating in a research report on Friday, May 1st. DA Davidson increased their price target on Five Star Bancorp from $45.00 to $48.50 and gave the company a "buy" rating in a report on Wednesday, April 29th. Weiss Ratings restated a "buy (b-)" rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Finally, Stephens increased their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.30.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company's core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.

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