Five Star Bancorp (NASDAQ:FSBC) Short Interest Update

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

Analyst Ratings Changes

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

Insider Activity at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,500 shares of the firm’s stock in a transaction on 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 in the company, valued at $1,127,582.55. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 25.57% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

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

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $33.01 on Tuesday. 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 $703.74 million, a price-to-earnings ratio of 14.48 and a beta of 0.45. The stock has a fifty day moving average of $31.80 and a two-hundred day moving average of $28.55.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates 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 EPS. On average, analysts forecast that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

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.