Five Star Bancorp (NASDAQ:FSBC) Stock Price Breaks Below 50 Day Moving Average - Here's What Happened

Key Points

• Five Star Bancorp shares fell below their 50-day moving average of $44.28, reaching an intraday low of $43.48 before last trading at $44.20.
• Analyst sentiment is mixed: the stock has an average Hold rating and a $49 average price target, with two Buy and three Hold ratings.
• The company beat quarterly estimates, reporting EPS of $0.92 versus $0.85 expected and revenue of $52.62 million versus $51.31 million expected. It also pays a quarterly dividend of $0.25 per share, equivalent to a 2.3% annualized yield.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $44.28 and traded as low as $43.48. Five Star Bancorp shares last traded at $44.20, with a volume of 126,461 shares trading hands.

Wall Street Analysts Forecast Growth

FSBC has been the topic of a number of research analyst reports. DA Davidson restated a "buy" rating and issued a $55.00 price target on shares of Five Star Bancorp in a report on Tuesday, October 27th. Weiss Ratings downgraded shares of Five Star Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research note on Monday, September 21st. Stephens decreased their price objective on shares of Five Star Bancorp from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, November 2nd. Finally, Zacks Research raised shares of Five Star Bancorp from a "strong sell" rating to a "hold" rating in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $49.00.

Five Star Bancorp Stock Down 0.2%

The company has a market cap of $1.08 billion, a P/E ratio of 12.52 and a beta of 0.49. The firm has a 50 day moving average of $44.28 and a 200-day moving average of $42.99.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $52.62 million for the quarter, compared to the consensus estimate of $51.31 million. Five Star Bancorp had a return on equity of 16.89% and a net margin of 26.58%. On average, research analysts predict that Five Star Bancorp will post 3.55 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 9th. Stockholders of record on Monday, November 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Five Star Bancorp's dividend payout ratio is presently 28.33%.

Insider Activity at Five Star Bancorp

In other news, EVP Lydia Ramirez-Medina sold 4,307 shares of the firm's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $44.92, for a total transaction of $193,470.44. Following the transaction, the executive vice president owned 9,368 shares in the company, valued at approximately $420,810.56. This trade represents a 31.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 21.79% of the company's stock.

Hedge Funds Weigh In On Five Star Bancorp

A number of large investors have recently bought and sold shares of the business. State of Wyoming purchased a new stake in Five Star Bancorp during the second quarter worth $27,000. Globeflex Capital L P purchased a new position in shares of Five Star Bancorp in the 2nd quarter valued at $46,000. Nisa Investment Advisors LLC increased its holdings in shares of Five Star Bancorp by 96.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,462 shares of the company's stock valued at $62,000 after acquiring an additional 716 shares during the period. Global Retirement Partners LLC bought a new position in shares of Five Star Bancorp in the 2nd quarter worth $141,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Five Star Bancorp in the 2nd quarter worth $201,000. Institutional investors own 46.94% of the company's stock.

About Five Star Bancorp

Five Star Bancorp is a bank holding company headquartered in Rancho Cordova, California. It operates through its subsidiary, Five Star Bank, which provides commercial and consumer banking services to businesses, organizations and individuals. The bank offers deposit accounts, business and personal lending, cash management and other banking services. Its lending activities include financing for commercial real estate and business needs, alongside services for professionals and nonprofit organizations.

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