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

Five Star Bancorp (NASDAQ:FSBC) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 169,100 shares, a decline of 5.5% from the November 15th total of 178,900 shares. Based on an average daily volume of 39,900 shares, the short-interest ratio is presently 4.2 days. Currently, 1.1% of the company’s stock are sold short.

Insider Buying and Selling at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the completion of the transaction, the senior vice president now owns 36,765 shares of the company’s stock, valued at $1,127,582.55. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 25.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Five Star Bancorp by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 88,589 shares of the company’s stock valued at $2,095,000 after acquiring an additional 8,991 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Five Star Bancorp by 30.3% during the 2nd quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock valued at $564,000 after buying an additional 5,542 shares during the last quarter. TD Asset Management Inc grew its position in shares of Five Star Bancorp by 26.2% during the second quarter. TD Asset Management Inc now owns 57,696 shares of the company’s stock worth $1,365,000 after buying an additional 11,990 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Five Star Bancorp in the second quarter valued at $124,000. Finally, American Century Companies Inc. boosted its stake in Five Star Bancorp by 116.5% during the 2nd quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock valued at $2,642,000 after acquiring an additional 60,118 shares during the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

Five Star Bancorp Trading Down 1.6 %

Shares of NASDAQ FSBC opened at $32.49 on Wednesday. Five Star Bancorp has a twelve month low of $21.10 and a twelve month high of $35.13. The stock has a market capitalization of $692.65 million, a PE ratio of 14.25 and a beta of 0.45. The stock has a fifty day simple moving average of $31.88 and a 200-day simple moving average of $28.61.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. The company had revenue of $54.05 million for the quarter. During the same period in the previous year, the company posted $0.64 earnings per share. On average, equities analysts predict that Five Star Bancorp will post 2.19 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.46%. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.