Curi RMB Capital LLC Sells 79,651 Shares of Five Star Bancorp (NASDAQ:FSBC)

Curi RMB Capital LLC trimmed its holdings in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 61.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the company's stock after selling 79,651 shares during the period. Curi RMB Capital LLC owned about 0.23% of Five Star Bancorp worth $1,486,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Interval Partners LP acquired a new position in Five Star Bancorp during the first quarter worth about $450,000. Kennedy Capital Management LLC boosted its holdings in Five Star Bancorp by 364.2% in the 1st quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company's stock worth $4,285,000 after acquiring an additional 149,424 shares during the period. Vanguard Group Inc. increased its holdings in Five Star Bancorp by 31.9% during the 1st quarter. Vanguard Group Inc. now owns 713,950 shares of the company's stock worth $16,064,000 after purchasing an additional 172,507 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Five Star Bancorp by 116.5% during the second quarter. American Century Companies Inc. now owns 111,711 shares of the company's stock worth $2,642,000 after purchasing an additional 60,118 shares during the last quarter. Finally, Davis Asset Management L.P. increased its stake in Five Star Bancorp by 3.4% during the second quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company's stock valued at $35,747,000 after purchasing an additional 50,000 shares during the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FSBC. Keefe, Bruyette & Woods upped 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 research note on Friday, July 26th. DA Davidson boosted their target price on Five Star Bancorp from $27.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Stephens boosted their price target on Five Star Bancorp from $29.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th.

Insider Activity at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,500 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now owns 36,765 shares in the company, valued at approximately $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 25.57% of the stock is currently owned by company insiders.

Five Star Bancorp Stock Down 0.8 %

Five Star Bancorp stock traded down $0.26 during mid-day trading on Friday, hitting $32.80. 32,783 shares of the company's stock were exchanged, compared to its average volume of 47,886. The company's 50 day simple moving average is $30.21 and its 200-day simple moving average is $26.95. Five Star Bancorp has a fifty-two week low of $20.34 and a fifty-two week high of $35.13. The firm has a market capitalization of $699.30 million, a P/E ratio of 14.39 and a beta of 0.41.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.52 earnings per share (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 firm had revenue of $54.05 million for the quarter. During the same quarter in the prior year, the business earned $0.64 earnings per share. Research analysts expect that Five Star Bancorp will post 2.16 EPS for the current year.

Five Star Bancorp Announces Dividend

The business 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. The ex-dividend date was Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.44%. Five Star Bancorp's dividend payout ratio (DPR) is currently 35.09%.

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.