Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith Sells 4,000 Shares

Five Star Bancorp (NASDAQ:FSBC) CEO James Eugene Beckwith sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. Following the transaction, the chief executive officer now directly owns 476,381 shares in the company, valued at approximately $14,410,525.25. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Five Star Bancorp Stock Performance

Shares of NASDAQ FSBC opened at $30.48 on Tuesday. The firm has a market capitalization of $649.80 million, a price-to-earnings ratio of 13.37 and a beta of 0.48. The stock has a 50 day moving average price of $30.43 and a 200 day moving average price of $30.56. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. Analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.80 annualized dividend and a yield of 2.62%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Wall Street Analysts Forecast Growth

FSBC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut their target price on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Stephens reiterated an “overweight” rating and issued a $37.00 price target on shares of Five Star Bancorp in a report on Tuesday, January 28th. Raymond James reiterated an “outperform” rating and issued a $35.00 price target (down previously from $38.00) on shares of Five Star Bancorp in a report on Wednesday, January 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $38.50 price target on shares of Five Star Bancorp in a report on Thursday, January 30th.

Institutional Trading of Five Star Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its position in Five Star Bancorp by 91.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company’s stock valued at $90,000 after acquiring an additional 1,427 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Five Star Bancorp during the 4th quarter valued at $228,000. Millennium Management LLC bought a new stake in Five Star Bancorp during the 4th quarter valued at $862,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Five Star Bancorp by 6.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,514 shares of the company’s stock valued at $286,000 after acquiring an additional 564 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Five Star Bancorp by 43.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 16,661 shares of the company’s stock valued at $501,000 after acquiring an additional 5,022 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.