Charles Schwab Investment Management Inc. Purchases 3,960 Shares of Five Star Bancorp (NASDAQ:FSBC)

Charles Schwab Investment Management Inc. increased its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,409 shares of the company’s stock after acquiring an additional 3,960 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Five Star Bancorp were worth $4,165,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Five Star Bancorp by 47.0% during the fourth quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company’s stock worth $3,365,000 after buying an additional 35,783 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Five Star Bancorp by 18.7% during the 4th quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock valued at $218,000 after purchasing an additional 1,143 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Five Star Bancorp by 81.5% in the third quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock worth $698,000 after buying an additional 10,547 shares in the last quarter. Barclays PLC boosted its holdings in Five Star Bancorp by 332.1% in the 3rd quarter. Barclays PLC now owns 25,112 shares of the company’s stock valued at $746,000 after purchasing an additional 19,301 shares during the period. Finally, Geode Capital Management LLC grew its position in Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after buying an additional 25,374 shares in the last quarter. 46.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, Director Donna Lucas purchased 2,650 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $28.43 per share, with a total value of $75,339.50. Following the completion of the acquisition, the director now directly owns 12,076 shares in the company, valued at $343,320.68. The trade was a 28.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James Eugene Beckwith sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. Following the completion of the transaction, the chief executive officer now owns 476,381 shares of the company’s stock, valued at $14,410,525.25. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FSBC shares. Stephens restated an “overweight” rating and set a $37.00 price objective on shares of Five Star Bancorp in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods cut their price target on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. DA Davidson restated a “buy” rating and set a $38.50 target price on shares of Five Star Bancorp in a report on Thursday, January 30th. Finally, Raymond James reaffirmed an “outperform” rating and set a $35.00 price objective (down from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th.

Five Star Bancorp Trading Up 0.0 %

Five Star Bancorp stock opened at $28.45 on Thursday. The business’s fifty day simple moving average is $29.97 and its two-hundred day simple moving average is $30.52. The company has a market capitalization of $606.81 million, a price-to-earnings ratio of 12.48 and a beta of 0.48. Five Star Bancorp has a 12 month low of $21.10 and a 12 month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. On average, equities research analysts predict that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

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.