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

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

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, Director Donna Lucas bought 2,650 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $28.43 per share, with a total value of $75,339.50. Following the completion of the transaction, the director now owns 12,076 shares in the company, valued at $343,320.68. The trade was a 28.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 21.70% of the company's stock.

Institutional Investors Weigh In On Five Star Bancorp

A number of institutional investors have recently added to or reduced their stakes in FSBC. SG Americas Securities LLC lifted its position in Five Star Bancorp by 18.7% in the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company's stock worth $218,000 after purchasing an additional 1,143 shares during the period. Bank of New York Mellon Corp lifted its position in Five Star Bancorp by 47.0% in the fourth quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company's stock worth $3,365,000 after purchasing an additional 35,783 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Five Star Bancorp by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 138,409 shares of the company's stock valued at $4,165,000 after buying an additional 3,960 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Five Star Bancorp in the fourth quarter valued at $259,000. Finally, Intech Investment Management LLC bought a new position in shares of Five Star Bancorp in the fourth quarter valued at $217,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DA Davidson cut their price target on Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Raymond James dropped their target price on Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Five Star Bancorp in a research report on Wednesday, April 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC traded up $0.62 during midday trading on Friday, hitting $27.82. 34,849 shares of the company's stock were exchanged, compared to its average volume of 56,377. The stock's 50 day moving average price is $27.34 and its 200-day moving average price is $29.40. The firm has a market cap of $593.37 million, a P/E ratio of 12.20 and a beta of 0.51. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.62 earnings per share (EPS) 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%. On average, analysts expect that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were given 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 yield of 2.88%. Five Star Bancorp's dividend payout ratio (DPR) is 35.09%.

About Five Star Bancorp

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.