Five Star Bancorp (NASDAQ:FSBC) Short Interest Up 7.1% in December

Five Star Bancorp (NASDAQ:FSBC) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 181,100 shares, an increase of 7.1% from the November 30th total of 169,100 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 38,200 shares, the short-interest ratio is currently 4.7 days.

Five Star Bancorp Price Performance

Shares of Five Star Bancorp stock opened at $30.09 on Thursday. The business has a 50-day simple moving average of $31.92 and a 200 day simple moving average of $29.14. The firm has a market capitalization of $641.49 million, a price-to-earnings ratio of 13.20 and a beta of 0.45. Five Star Bancorp has a one year low of $21.10 and a one year high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. The firm had revenue of $54.05 million for the quarter. During the same period last year, the company posted $0.64 EPS. On average, sell-side analysts expect that Five Star Bancorp will post 2.19 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Analysts Set New Price Targets

FSBC has been the subject of a number of research analyst reports. Raymond James assumed coverage on Five Star Bancorp in a report on Thursday, December 19th. They issued an “outperform” rating and a $38.00 target price for the company. Keefe, Bruyette & Woods lifted their price objective on shares of Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Insider Activity at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now directly owns 36,765 shares in the company, valued at approximately $1,127,582.55. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 25.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five Star Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in FSBC. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Five Star Bancorp during the 3rd quarter valued at about $109,000. Acadian Asset Management LLC bought a new position in shares of Five Star Bancorp in the second quarter valued at approximately $124,000. SG Americas Securities LLC purchased a new position in shares of Five Star Bancorp during the third quarter valued at approximately $182,000. PDT Partners LLC bought a new stake in Five Star Bancorp during the third quarter worth $244,000. Finally, Inspire Investing LLC purchased a new stake in Five Star Bancorp in the 3rd quarter valued at $414,000. 46.94% of the stock is owned by institutional investors.

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.