American Century Companies Inc. Acquires 60,118 Shares of Five Star Bancorp (NASDAQ:FSBC)

American Century Companies Inc. increased its holdings in Five Star Bancorp (NASDAQ:FSBC) by 116.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,711 shares of the company’s stock after purchasing an additional 60,118 shares during the quarter. American Century Companies Inc.’s holdings in Five Star Bancorp were worth $2,642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FSBC. Acadian Asset Management LLC bought a new position in Five Star Bancorp during the 2nd quarter valued at approximately $124,000. Interval Partners LP purchased a new stake in Five Star Bancorp in the first quarter worth about $450,000. Swiss National Bank increased its stake in shares of Five Star Bancorp by 8.3% during the first quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after purchasing an additional 1,700 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Five Star Bancorp by 30.3% during 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. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Five Star Bancorp by 2.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after purchasing an additional 797 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors.

Five Star Bancorp Trading Up 0.4 %

FSBC opened at $29.15 on Friday. The company’s 50 day moving average is $28.66 and its 200 day moving average is $24.95. The company has a market cap of $621.48 million, a price-to-earnings ratio of 11.08 and a beta of 0.42. Five Star Bancorp has a 12-month low of $18.50 and a 12-month high of $31.00.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.51 EPS for the quarter. The business had revenue of $30.67 million during the quarter. Five Star Bancorp had a return on equity of 14.03% and a net margin of 22.24%. As a group, analysts predict that Five Star Bancorp will post 2.16 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Monday, August 5th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

Insider Buying and Selling

In other news, SVP Michael Eugene Lee sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $29.09, for a total transaction of $87,270.00. Following the completion of the transaction, the senior vice president now owns 38,265 shares in the company, valued at $1,113,128.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 4,000 shares of company stock worth $116,340. 25.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stephens raised their price target on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their price target on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Finally, DA Davidson lifted their price objective on Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

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.