Short Interest in Five Star Bancorp (NASDAQ:FSBC) Declines By 12.4%

Five Star Bancorp (NASDAQ:FSBC) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 178,900 shares, a drop of 12.4% from the October 31st total of 204,200 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 41,300 shares, the days-to-cover ratio is currently 4.3 days.

Five Star Bancorp Stock Down 0.5 %

Shares of Five Star Bancorp stock traded down $0.16 on Tuesday, reaching $32.82. The company’s stock had a trading volume of 26,002 shares, compared to its average volume of 47,246. The company has a market capitalization of $699.72 million, a P/E ratio of 14.39 and a beta of 0.45. The stock has a 50-day moving average price of $30.95 and a 200-day moving average price of $27.84. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data 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). The company had revenue of $54.05 million for the quarter. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. During the same quarter last year, the firm posted $0.64 earnings per share. Sell-side analysts forecast that Five Star Bancorp will post 2.16 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Insider Transactions at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the sale, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 25.57% of the company’s stock.

Institutional Trading of Five Star Bancorp

Large investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Five Star Bancorp by 0.3% during the 3rd quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock worth $4,202,000 after purchasing an additional 401 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Five Star Bancorp by 2.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after acquiring an additional 797 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Five Star Bancorp in the 3rd quarter valued at about $109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Five Star Bancorp by 25.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock worth $667,000 after purchasing an additional 4,564 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Five Star Bancorp during the 2nd quarter worth approximately $124,000. 46.94% of the stock is currently 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.