Short Interest in Five Star Bancorp (NASDAQ:FSBC) Decreases By 13.2%

Five Star Bancorp (NASDAQ:FSBC) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 330,411 shares, a decline of 13.2% from the February 26th total of 380,490 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily trading volume, of 87,918 shares, the days-to-cover ratio is currently 3.8 days.

Five Star Bancorp Price Performance

NASDAQ FSBC opened at $37.59 on Tuesday. The company’s 50 day simple moving average is $38.87 and its two-hundred day simple moving average is $36.20. Five Star Bancorp has a 1 year low of $22.22 and a 1 year high of $42.26. The stock has a market capitalization of $803.67 million, a PE ratio of 12.96 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Monday, January 26th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.49%. The firm had revenue of $40.67 million for the quarter, compared to analysts’ expectations of $42.58 million. On average, research analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. This is an increase from Five Star Bancorp’s previous quarterly dividend of $0.20. Five Star Bancorp’s dividend payout ratio is currently 34.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FSBC. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods increased their price objective on Five Star Bancorp from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Finally, DA Davidson raised their target price on Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Five Star Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $36.66, for a total value of $146,640.00. Following the sale, the chief executive officer owned 473,014 shares of the company’s stock, valued at approximately $17,340,693.24. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael Eugene Lee sold 1,200 shares of Five Star Bancorp stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $39.30, for a total transaction of $47,160.00. Following the completion of the sale, the senior vice president directly owned 35,272 shares in the company, valued at approximately $1,386,189.60. This represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 25.57% of the stock is currently owned by insiders.

Institutional Trading of Five Star Bancorp

Large investors have recently modified their holdings of the business. SummerHaven Investment Management LLC purchased a new position in shares of Five Star Bancorp during the third quarter worth about $901,000. American Century Companies Inc. raised its stake in Five Star Bancorp by 9.9% in the second quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock valued at $9,492,000 after purchasing an additional 29,943 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in Five Star Bancorp by 278.1% in the third quarter. Deprince Race & Zollo Inc. now owns 68,640 shares of the company’s stock valued at $2,210,000 after purchasing an additional 50,486 shares in the last quarter. Creative Planning bought a new stake in Five Star Bancorp during the second quarter valued at approximately $499,000. Finally, Integrated Quantitative Investments LLC bought a new stake in Five Star Bancorp during the third quarter valued at approximately $277,000. Institutional investors own 46.94% of the company’s stock.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.