Insider Selling: Five Star Bancorp (NASDAQ:FSBC) COO Sells 500 Shares of Stock

Five Star Bancorp (NASDAQ:FSBC) COO Lydia Ann Ramirez-Medina sold 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $28.62, for a total transaction of $14,310.00. Following the completion of the transaction, the chief operating officer now owns 9,756 shares in the company, valued at approximately $279,216.72. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Lydia Ann Ramirez-Medina also recently made the following trade(s):

• On Monday, July 29th, Lydia Ann Ramirez-Medina sold 500 shares of Five Star Bancorp stock. The stock was sold at an average price of $29.52, for a total transaction of $14,760.00.

Five Star Bancorp Stock Down 1.0 %

Shares of Five Star Bancorp stock opened at $28.11 on Friday. Five Star Bancorp has a twelve month low of $18.50 and a twelve month high of $30.56. The company has a market cap of $599.31 million, a price-to-earnings ratio of 10.69 and a beta of 0.42. The company’s 50 day moving average is $27.39 and its 200 day moving average is $24.33.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.51 EPS for the quarter. Five Star Bancorp had a return on equity of 14.03% and a net margin of 22.24%. The company had revenue of $30.67 million during the quarter. Sell-side analysts expect that Five Star Bancorp will post 2.16 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Monday, August 5th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Monday, August 5th. Five Star Bancorp’s payout ratio is 30.42%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Five Star Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mendon Capital Advisors Corp increased its stake in shares of Five Star Bancorp by 320.7% in the 2nd quarter. Mendon Capital Advisors Corp now owns 50,000 shares of the company’s stock worth $1,182,000 after purchasing an additional 38,116 shares in the last quarter. Davis Asset Management L.P. lifted its position in shares of Five Star Bancorp by 3.4% during the 2nd quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock valued at $35,747,000 after buying an additional 50,000 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Five Star Bancorp by 128.7% during the 2nd quarter. Renaissance Technologies LLC now owns 41,400 shares of the company’s stock valued at $979,000 after acquiring an additional 23,300 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Five Star Bancorp by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock valued at $3,797,000 after purchasing an additional 39,256 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Five Star Bancorp by 116.5% in the second quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock worth $2,642,000 after purchasing an additional 60,118 shares during the period. 46.94% of the stock is owned by hedge funds and other institutional investors.

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.