Five Star Bancorp (NASDAQ:FSBC) CEO Sells $121,000.00 in Stock

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. Following the completion of the transaction, the chief executive officer now owns 476,381 shares of the company’s stock, valued at approximately $14,410,525.25. This represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $29.50 on Thursday. The company has a 50 day moving average price of $30.39 and a 200-day moving average price of $30.56. Five Star Bancorp has a fifty-two week low of $21.10 and a fifty-two week high of $35.13. The company has a market capitalization of $628.91 million, a PE ratio of 12.94 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. On average, analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Monday, February 3rd. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FSBC. DA Davidson restated a “buy” rating and set a $38.50 target price on shares of Five Star Bancorp in a research report on Thursday, January 30th. Raymond James restated an “outperform” rating and set a $35.00 target price (down previously from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their target price on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Thursday, January 30th. Finally, Stephens restated an “overweight” rating and set a $37.00 target price on shares of Five Star Bancorp in a research report on Tuesday, January 28th.

Institutional Trading of Five Star Bancorp

Several institutional investors and hedge funds have recently modified their holdings of FSBC. Charles Schwab Investment Management Inc. raised its stake in shares of Five Star Bancorp by 201.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after acquiring an additional 89,834 shares in the last quarter. State Street Corp raised its stake in Five Star Bancorp by 21.7% in the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after buying an additional 66,602 shares in the last quarter. American Century Companies Inc. raised its stake in Five Star Bancorp by 31.1% in 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. JPMorgan Chase & Co. raised its stake in Five Star Bancorp by 153.1% in the fourth 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 buying an additional 35,783 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

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.