Short Interest in Five Star Bancorp (NASDAQ:FSBC) Drops By 5.5%

Five Star Bancorp (NASDAQ:FSBC) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 169,100 shares, a drop of 5.5% from the November 15th total of 178,900 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 39,900 shares, the short-interest ratio is currently 4.2 days.

Five Star Bancorp Stock Down 6.2 %

NASDAQ FSBC opened at $30.46 on Thursday. Five Star Bancorp has a 52 week low of $21.10 and a 52 week high of $35.13. The business has a 50 day moving average price of $31.91 and a 200-day moving average price of $28.63. The company has a market cap of $649.38 million, a price-to-earnings ratio of 13.36 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.02). Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. The business had revenue of $54.05 million during the quarter. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, equities research analysts anticipate that Five Star Bancorp will post 2.19 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s payout ratio is presently 35.09%.

Insider Transactions at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,500 shares of Five Star Bancorp stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total value of $46,005.00. Following the completion of the sale, the senior vice president now owns 36,765 shares in the company, valued at $1,127,582.55. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 25.57% of the company’s stock.

Hedge Funds Weigh In On Five Star Bancorp

Several large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in Five Star Bancorp by 201.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after purchasing an additional 89,834 shares in the last quarter. State Street Corp boosted its position in shares of Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after buying an additional 66,602 shares during the last quarter. American Century Companies Inc. grew its holdings in Five Star Bancorp by 116.5% during the second quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock worth $2,642,000 after buying an additional 60,118 shares in the last quarter. Davis Asset Management L.P. raised its position in Five Star Bancorp by 3.4% in 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Five Star Bancorp by 32.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock valued at $3,797,000 after acquiring an additional 39,256 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

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.