Five Star Bancorp (NASDAQ:FSBC) Hits New 12-Month High – Here’s What Happened

Five Star Bancorp (NASDAQ:FSBC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.16 and last traded at $31.16, with a volume of 8255 shares. The stock had previously closed at $30.04.

Analysts Set New Price Targets

A number of research analysts have weighed in on FSBC shares. Keefe, Bruyette & Woods increased their price target on 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. Stephens raised their price target on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, DA Davidson upped their target price on Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

Five Star Bancorp Stock Performance

The business’s 50 day simple moving average is $28.70 and its 200-day simple moving average is $25.42. The stock has a market capitalization of $654.74 million, a price-to-earnings ratio of 11.42 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Wednesday, July 24th. The company reported $0.51 earnings per share for the quarter. Five Star Bancorp had a return on equity of 14.03% and a net margin of 22.24%. The business had revenue of $30.67 million during the quarter. As a group, sell-side analysts expect that Five Star Bancorp will post 2.16 EPS for the current 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 paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Monday, August 5th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

Insider Activity

In related news, SVP Michael Eugene Lee sold 3,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the transaction, the senior vice president now directly owns 38,265 shares in the company, valued at approximately $1,113,128.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 4,000 shares of company stock worth $116,340. 25.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Five Star Bancorp by 2.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after buying an additional 797 shares in the last quarter. Swiss National Bank lifted its stake in Five Star Bancorp by 8.3% in the first quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after buying an additional 1,700 shares during the period. Cox Capital Mgt LLC boosted its stake in Five Star Bancorp by 2.8% during the 1st 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 during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at $124,000. Finally, Rhumbline Advisers grew its stake in Five Star Bancorp by 30.3% in the second quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock valued at $564,000 after acquiring an additional 5,542 shares during the period. 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.