Five Star Bancorp (NASDAQ:FSBC) Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its holdings in shares of Five Star Bancorp (NASDAQ:FSBC) by 30.1% during the third quarter, Holdings Channel.com reports. The fund owned 11,473 shares of the company’s stock after selling 4,937 shares during the period. Stephens Inc. AR’s holdings in Five Star Bancorp were worth $341,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Five Star Bancorp during the 2nd quarter valued at about $124,000. SG Americas Securities LLC acquired a new stake in shares of Five Star Bancorp during the 3rd quarter valued at about $182,000. Inspire Investing LLC acquired a new stake in shares of Five Star Bancorp during the 3rd quarter valued at about $414,000. Interval Partners LP acquired a new stake in shares of Five Star Bancorp during the 1st quarter valued at about $450,000. Finally, Swiss National Bank boosted its holdings in Five Star Bancorp by 8.3% in the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after buying an additional 1,700 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FSBC shares. 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. Keefe, Bruyette & Woods lifted their price objective on Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Stephens lifted their price objective on Five Star Bancorp from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, July 26th.

Five Star Bancorp Price Performance

FSBC opened at $32.62 on Friday. The company’s 50 day simple moving average is $29.65 and its two-hundred day simple moving average is $26.45. Five Star Bancorp has a 1-year low of $20.05 and a 1-year high of $35.13. The firm has a market capitalization of $695.46 million, a price-to-earnings ratio of 14.69 and a beta of 0.41.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Five Star Bancorp had a return on equity of 13.50% and a net margin of 21.35%. The business had revenue of $54.05 million during the quarter. During the same quarter last year, the business earned $0.64 earnings per share. On average, equities analysts anticipate that Five Star Bancorp will post 2.16 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Monday, November 4th. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

Insiders Place Their Bets

In other Five Star Bancorp 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 value of $46,005.00. Following the transaction, the senior vice president now directly owns 36,765 shares of the company’s stock, valued at $1,127,582.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 25.57% of the company’s stock.

Five Star Bancorp 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.