Five Star Bancorp (NASDAQ:FSBC) Sees Strong Trading Volume

Shares of Five Star Bancorp (NASDAQ:FSBC) saw an uptick in trading volume on Friday . 33,665 shares traded hands during mid-day trading, a decline of 31% from the previous session’s volume of 49,045 shares.The stock last traded at $30.40 and had previously closed at $30.85.

Analyst Upgrades and Downgrades

FSBC has been the topic of a number of recent analyst reports. DA Davidson lifted their price objective on Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stephens increased their price objective on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price target on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, July 26th.

Five Star Bancorp Price Performance

The stock has a 50 day moving average price of $28.31 and a two-hundred day moving average price of $24.68. The company has a market capitalization of $656.02 million, a price-to-earnings ratio of 11.73 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Wednesday, July 24th. The company reported $0.51 EPS for the quarter. The company had revenue of $30.67 million during the quarter. Five Star Bancorp had a return on equity of 14.03% and a net margin of 22.24%. Sell-side analysts forecast that Five Star Bancorp will post 2.16 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, August 5th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Monday, August 5th. Five Star Bancorp’s payout ratio is 30.42%.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $29.09, for a total transaction of $87,270.00. Following the sale, the senior vice president now directly owns 38,265 shares in the company, valued at approximately $1,113,128.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 4,000 shares of company stock worth $116,340. 25.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five Star Bancorp

Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of Five Star Bancorp in the second quarter valued at about $124,000. Interval Partners LP acquired a new stake in Five Star Bancorp in the 1st quarter valued at approximately $450,000. Swiss National Bank lifted its stake in Five Star Bancorp by 8.3% in the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after acquiring an additional 1,700 shares in the last quarter. Rhumbline Advisers boosted its position in Five Star Bancorp by 30.3% during the 2nd quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock worth $564,000 after acquiring an additional 5,542 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Five Star Bancorp by 2.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock worth $770,000 after acquiring an additional 797 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

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.