Five Star Bancorp (NASDAQ:FSBC) Sees Large Increase in Short Interest

Five Star Bancorp (NASDAQ:FSBC) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 181,100 shares, an increase of 7.1% from the November 30th total of 169,100 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 38,200 shares, the days-to-cover ratio is presently 4.7 days.

Analyst Ratings Changes

Several analysts have issued reports on FSBC shares. Keefe, Bruyette & Woods boosted their target price on 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. Raymond James assumed coverage on shares of Five Star Bancorp in a report on Thursday, December 19th. They set an “outperform” rating and a $38.00 price objective on the stock.

Five Star Bancorp Price Performance

Five Star Bancorp stock opened at $30.09 on Thursday. Five Star Bancorp has a one year low of $21.10 and a one year high of $35.13. The firm has a market capitalization of $641.49 million, a P/E ratio of 13.20 and a beta of 0.45. The business has a fifty day moving average price of $31.92 and a 200-day moving average price of $29.14.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.52 earnings per share 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 company had revenue of $54.05 million for the quarter. During the same quarter in the previous year, the company posted $0.64 EPS. Sell-side analysts expect that Five Star Bancorp will post 2.19 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s payout ratio is 35.09%.

Insider Activity

In other news, SVP Michael Eugene Lee sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction 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. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 25.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Five Star Bancorp by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 88,589 shares of the company’s stock worth $2,095,000 after buying an additional 8,991 shares in the last quarter. Rhumbline Advisers raised its stake 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 raised its stake in 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 purchasing an additional 11,990 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Five Star Bancorp in the 2nd quarter worth approximately $124,000. Finally, American Century Companies Inc. raised its position in shares of Five Star Bancorp by 116.5% during the 2nd 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.

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.