Five Star Bancorp (NASDAQ:FSBC) Shares Gap Down to $30.01

Five Star Bancorp (NASDAQ:FSBC) gapped down prior to trading on Wednesday . The stock had previously closed at $30.01, but opened at $29.34. Five Star Bancorp shares last traded at $29.51, with a volume of 1,124 shares changing hands.

Analysts Set New Price Targets

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

Five Star Bancorp Trading Up 2.1 %

The stock has a market capitalization of $657.72 million, a P/E ratio of 11.71 and a beta of 0.42. The business has a 50-day moving average price of $28.31 and a two-hundred day moving average price of $24.68.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.51 EPS for the quarter. The business 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%. On average, sell-side analysts forecast that Five Star Bancorp will post 2.16 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Monday, August 5th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

Insider Activity at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 3,000 shares of Five Star Bancorp 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 4,000 shares of company stock valued at $116,340 over the last three months. 25.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Five Star Bancorp

A number of hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 797 shares during the last quarter. Swiss National Bank lifted its position in shares of Five Star Bancorp by 8.3% during 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 during the period. Cox Capital Mgt LLC boosted its stake in Five Star Bancorp by 2.8% during the first quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock worth $1,787,000 after acquiring an additional 2,150 shares in the last quarter. Acadian Asset Management LLC bought a new position in Five Star Bancorp during the second quarter worth $124,000. Finally, Rhumbline Advisers grew its holdings in Five Star Bancorp by 30.3% in 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 period. Institutional investors and hedge funds 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.