Five Star Bancorp (NASDAQ:FSBC) Short Interest Update

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

Insider Buying and Selling

In related news, SVP Michael Eugene Lee sold 1,500 shares of Five Star Bancorp stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 25.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Five Star Bancorp

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in shares of Five Star Bancorp by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 88,589 shares of the company’s stock worth $2,095,000 after acquiring an additional 8,991 shares in the last quarter. Rhumbline Advisers grew its position in Five Star Bancorp by 30.3% in the second quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock valued at $564,000 after purchasing an additional 5,542 shares in the last quarter. TD Asset Management Inc increased its position in shares of Five Star Bancorp by 26.2% in the second quarter. TD Asset Management Inc now owns 57,696 shares of the company’s stock valued at $1,365,000 after acquiring an additional 11,990 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Five Star Bancorp during the 2nd quarter worth approximately $124,000. Finally, American Century Companies Inc. grew its stake in shares of Five Star Bancorp by 116.5% in the second quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock valued at $2,642,000 after buying an additional 60,118 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

Five Star Bancorp Price Performance

FSBC stock opened at $32.49 on Wednesday. The business has a fifty day moving average price of $31.88 and a 200 day moving average price of $28.61. The stock has a market capitalization of $692.65 million, a price-to-earnings ratio of 14.25 and a beta of 0.45. Five Star Bancorp has a fifty-two week low of $21.10 and a fifty-two week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last issued 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). The firm 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 in the previous year, the business earned $0.64 earnings per share. On average, equities analysts expect that Five Star Bancorp will post 2.19 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Monday, November 4th. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

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.