Five Star Bancorp (NASDAQ:FSBC) Director Donna Lucas Purchases 2,650 Shares

Five Star Bancorp (NASDAQ:FSBC) Director Donna Lucas acquired 2,650 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $28.43 per share, with a total value of $75,339.50. Following the completion of the purchase, the director now owns 12,076 shares of the company’s stock, valued at $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Five Star Bancorp Stock Up 1.0 %

NASDAQ FSBC opened at $28.28 on Friday. The stock has a market capitalization of $603.18 million, a PE ratio of 12.40 and a beta of 0.48. The firm has a 50 day moving average of $30.17 and a two-hundred day moving average of $30.55. 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 announced its earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. On average, equities research analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, February 3rd. Five Star Bancorp’s payout ratio is currently 35.09%.

Wall Street Analyst Weigh In

FSBC has been the subject of several research reports. Stephens reiterated an “overweight” rating and set a $37.00 price objective on shares of Five Star Bancorp in a research note on Tuesday, January 28th. Raymond James reiterated an “outperform” rating and set a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. DA Davidson reiterated a “buy” rating and issued a $38.50 target price on shares of Five Star Bancorp in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reduced their target price on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th.

Institutional Trading of Five Star Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after purchasing an additional 25,374 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 valued at $3,997,000 after purchasing an additional 89,834 shares during the period. Barclays PLC boosted its stake in shares of Five Star Bancorp by 332.1% during the 3rd quarter. Barclays PLC now owns 25,112 shares of the company’s stock worth $746,000 after acquiring an additional 19,301 shares in the last quarter. State Street Corp raised its holdings 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 acquiring an additional 66,602 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Five Star Bancorp by 81.5% during the third quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock valued at $698,000 after buying an additional 10,547 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

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.