Five Star Bancorp (NASDAQ:FSBC) Sees Large Volume Increase – Time to Buy?

Five Star Bancorp (NASDAQ:FSBC) shares saw an uptick in trading volume on Tuesday . 121,698 shares were traded during mid-day trading, an increase of 127% from the previous session’s volume of 53,577 shares.The stock last traded at $28.64 and had previously closed at $28.36.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James reissued an “outperform” rating and issued a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their target price on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. DA Davidson restated a “buy” rating and set a $38.50 price target on shares of Five Star Bancorp in a report on Thursday, January 30th. Finally, Stephens reiterated an “overweight” rating and set a $37.00 price objective on shares of Five Star Bancorp in a report on Tuesday, January 28th.

Five Star Bancorp Stock Up 0.3 %

The stock has a market cap of $606.60 million, a P/E ratio of 12.47 and a beta of 0.48. The firm’s 50-day moving average is $30.04 and its two-hundred day moving average is $30.54.

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

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid 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 dividend yield of 2.81%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Insider Activity

In other Five Star Bancorp news, Director Donna Lucas purchased 2,650 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $28.43 per share, with a total value of $75,339.50. Following the completion of the transaction, the director now owns 12,076 shares in the company, valued at $343,320.68. This trade represents a 28.11 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was 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 of the company’s stock, valued at $14,410,525.25. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. 25.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in Five Star Bancorp during the 4th quarter valued at $60,000. Public Employees Retirement System of Ohio raised its position in shares of Five Star Bancorp by 91.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company’s stock valued at $90,000 after buying an additional 1,427 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Five Star Bancorp during the fourth quarter valued at about $108,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Five Star Bancorp during the third quarter worth about $109,000. Finally, Intech Investment Management LLC bought a new position in Five Star Bancorp during the fourth quarter valued at about $217,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

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.