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

Shares of Five Star Bancorp (NASDAQ:FSBC) gapped down before the market opened 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.

Wall Street Analyst Weigh In

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

Five Star Bancorp Stock Performance

The firm has a market cap of $639.39 million, a PE ratio of 11.41 and a beta of 0.42. The company’s 50-day simple moving average is $28.19 and its two-hundred day simple moving average is $24.64.

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

Five Star Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. Five Star Bancorp’s dividend payout ratio is currently 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 stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the sale, the senior vice president now owns 38,265 shares of the company’s stock, valued at $1,113,128.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 4,000 shares of company stock valued at $116,340. Company insiders own 25.57% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

A number of institutional investors have recently bought and sold shares of FSBC. Pacific Ridge Capital Partners LLC grew its holdings in shares of Five Star Bancorp by 17.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 218,219 shares of the company’s stock worth $5,713,000 after acquiring an additional 32,487 shares during the period. Interval Partners LP bought a new position in Five Star Bancorp in the first quarter worth $450,000. Kennedy Capital Management LLC lifted its position in Five Star Bancorp by 364.2% during the first quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock valued at $4,285,000 after buying an additional 149,424 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Five Star Bancorp by 31.9% during the 1st quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock valued at $16,064,000 after buying an additional 172,507 shares in the last quarter. Finally, Cox Capital Mgt LLC grew its position in shares of Five Star Bancorp by 2.8% in the 1st quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock worth $1,787,000 after buying an additional 2,150 shares during the period. 46.94% of the stock is owned by institutional investors.

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.