Bragg Financial Advisors Inc Buys Shares of 25,337 Five Star Bancorp (NASDAQ:FSBC)

Bragg Financial Advisors Inc bought a new stake in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,337 shares of the company's stock, valued at approximately $762,000. Bragg Financial Advisors Inc owned about 0.12% of Five Star Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in Five Star Bancorp during the fourth quarter valued at $108,000. Intech Investment Management LLC bought a new position in shares of Five Star Bancorp in the 4th quarter worth approximately $217,000. SG Americas Securities LLC increased its holdings in Five Star Bancorp by 18.7% during the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company's stock valued at $218,000 after buying an additional 1,143 shares during the last quarter. Riverwater Partners LLC bought a new position in Five Star Bancorp in the fourth quarter worth approximately $243,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Five Star Bancorp during the 4th quarter worth $259,000. 46.94% of the stock is owned by institutional investors.

Insider Transactions at Five Star Bancorp

In related news, Director Donna Lucas purchased 2,650 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the transaction, the director now directly owns 12,076 shares in the company, valued at $343,320.68. This represents a 28.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Eugene Beckwith sold 4,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. Following the completion of the sale, the chief executive officer now owns 476,381 shares of the company's stock, valued at $14,410,525.25. This trade represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 25.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FSBC. Stephens reaffirmed an "overweight" rating and issued a $37.00 target price on shares of Five Star Bancorp in a report on Tuesday, January 28th. Raymond James reaffirmed an "outperform" rating and issued a $35.00 price objective (down previously from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their target price on shares of Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Thursday, January 30th. Finally, DA Davidson reiterated a "buy" rating and issued a $38.50 price target on shares of Five Star Bancorp in a research report on Thursday, January 30th.

Five Star Bancorp Stock Up 0.8 %

NASDAQ FSBC traded up $0.21 during trading hours on Friday, reaching $26.41. The company's stock had a trading volume of 66,798 shares, compared to its average volume of 54,930. Five Star Bancorp has a 1 year low of $21.35 and a 1 year high of $35.13. The company has a market capitalization of $563.30 million, a price-to-earnings ratio of 11.58 and a beta of 0.52. The firm's 50-day moving average price is $28.43 and its 200-day moving average price is $30.11.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its earnings results on Monday, January 27th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. Equities research analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

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.