Five Star Bancorp (NASDAQ:FSBC - Get Free Report) Director Donna Lucas acquired 2,650 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $28.43 per share, with a total value of $75,339.50. Following the completion of the purchase, the director now directly owns 12,076 shares of the company's stock, valued at approximately $343,320.68. This represents a 28.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Five Star Bancorp Stock Up 1.0 %
NASDAQ FSBC opened at $28.28 on Friday. 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 $30.17 and a 200-day moving average price of $30.55. The company has a market cap of $603.18 million, a price-to-earnings ratio of 12.40 and a beta of 0.48.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. On average, equities research analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current year.
Five Star Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a dividend of $0.20 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.80 annualized dividend and a dividend yield of 2.83%. Five Star Bancorp's dividend payout ratio is currently 35.09%.
Analyst Ratings Changes
FSBC has been the subject of a number of recent research reports. Raymond James restated an "outperform" rating and set a $35.00 target price (down previously from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. Stephens reiterated an "overweight" rating and set a $37.00 target price on shares of Five Star Bancorp in a report on Tuesday, January 28th. DA Davidson reissued a "buy" rating and set a $38.50 price objective on shares of Five Star Bancorp in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reduced their price target on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a research report on Thursday, January 30th.
View Our Latest Research Report on FSBC
Hedge Funds Weigh In On Five Star Bancorp
Several hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Five Star Bancorp by 6.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,514 shares of the company's stock valued at $286,000 after purchasing an additional 564 shares during the period. MetLife Investment Management LLC grew its position in Five Star Bancorp by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 10,030 shares of the company's stock worth $302,000 after acquiring an additional 822 shares in the last quarter. SG Americas Securities LLC increased its stake in Five Star Bancorp by 18.7% in the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company's stock valued at $218,000 after acquiring an additional 1,143 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in 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 worth $90,000 after purchasing an additional 1,427 shares during the last quarter. Finally, PDT Partners LLC increased its position in shares of Five Star Bancorp by 22.4% during the 4th quarter. PDT Partners LLC now owns 10,049 shares of the company's stock valued at $302,000 after purchasing an additional 1,840 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company's stock.
Five Star Bancorp Company Profile
(
Get Free Report)
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.
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