Five Star Bancorp (NASDAQ:FSBC) Short Interest Down 13.4% in October

Five Star Bancorp (NASDAQ:FSBC) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 204,200 shares, a drop of 13.4% from the October 15th total of 235,900 shares. Based on an average trading volume of 41,900 shares, the short-interest ratio is presently 4.9 days. Approximately 1.4% of the company’s stock are sold short.

Analysts Set New Price Targets

Several research firms have commented on FSBC. Keefe, Bruyette & Woods boosted their price target on shares of Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. DA Davidson boosted their target price on shares of Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Stephens raised their price target on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th.

Insider Activity

In other 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 completion of the transaction, the senior vice president now owns 36,765 shares in the company, valued at approximately $1,127,582.55. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 25.57% of the company’s stock.

Institutional Trading of Five Star Bancorp

A number of large investors have recently made changes to their positions in FSBC. Interval Partners LP acquired a new position in Five Star Bancorp in the first quarter valued at $450,000. Kennedy Capital Management LLC grew its holdings in shares of Five Star Bancorp by 364.2% during the first quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock worth $4,285,000 after buying an additional 149,424 shares during the last quarter. Vanguard Group Inc. increased its position in Five Star Bancorp by 31.9% in the 1st quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock valued at $16,064,000 after acquiring an additional 172,507 shares during the period. American Century Companies Inc. raised its stake in 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 acquiring an additional 60,118 shares during the last quarter. Finally, Davis Asset Management L.P. lifted its position in Five Star Bancorp by 3.4% during the 2nd quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock worth $35,747,000 after acquiring an additional 50,000 shares during the period. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Stock Performance

FSBC stock traded down $0.26 during midday trading on Friday, reaching $32.80. 32,783 shares of the company were exchanged, compared to its average volume of 47,886. The company has a market cap of $699.30 million, a price-to-earnings ratio of 14.39 and a beta of 0.41. Five Star Bancorp has a 1-year low of $20.34 and a 1-year high of $35.13. The stock’s 50-day simple moving average is $30.21 and its 200 day simple moving average is $26.95.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. The company had revenue of $54.05 million for the quarter. During the same quarter in the prior year, the company earned $0.64 EPS. On average, research analysts anticipate that Five Star Bancorp will post 2.16 earnings per share for the current year.

Five Star Bancorp Announces Dividend

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

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.