Five Star Bancorp (NASDAQ:FSBC) Sees Significant Decline in Short Interest

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 163,100 shares, a drop of 13.9% from the April 30th total of 189,500 shares. Currently, 1.1% of the company's stock are sold short. Based on an average daily volume of 66,000 shares, the days-to-cover ratio is currently 2.5 days.

Five Star Bancorp Price Performance

Shares of FSBC stock traded up $0.62 on Friday, hitting $27.82. The company's stock had a trading volume of 34,849 shares, compared to its average volume of 56,205. The stock has a market capitalization of $593.37 million, a price-to-earnings ratio of 12.20 and a beta of 0.52. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $35.13. The firm's fifty day moving average price is $27.34 and its 200-day moving average price is $29.47.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. The company had revenue of $35.34 million during the quarter, compared to analysts' expectations of $35.27 million. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. Analysts predict that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Monday, May 5th. Five Star Bancorp's dividend payout ratio is currently 35.09%.

Insider Buying and Selling at Five Star Bancorp

In related news, Director Donna Lucas acquired 2,650 shares of Five Star Bancorp stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the purchase, the director now directly owns 12,076 shares of the company's stock, valued at $343,320.68. The trade was a 28.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in Five Star Bancorp by 31.1% during the fourth quarter. American Century Companies Inc. now owns 261,494 shares of the company's stock worth $7,868,000 after buying an additional 62,041 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Five Star Bancorp by 27.8% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 232,665 shares of the company's stock worth $6,468,000 after acquiring an additional 50,606 shares during the period. Bragg Financial Advisors Inc grew its holdings in shares of Five Star Bancorp by 180.9% during the 1st quarter. Bragg Financial Advisors Inc now owns 71,174 shares of the company's stock worth $1,979,000 after purchasing an additional 45,837 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Five Star Bancorp during the first quarter valued at approximately $1,260,000. Finally, Nuveen LLC bought a new stake in shares of Five Star Bancorp during the first quarter valued at approximately $1,233,000. 46.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FSBC. Citigroup reiterated an "outperform" rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. DA Davidson dropped their price objective on shares of Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Raymond James dropped their price target 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.