Five Star Bancorp (NASDAQ:FSBC) Stake Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Five Star Bancorp (NASDAQ:FSBC - Free Report) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,848 shares of the company's stock after buying an additional 35,783 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.52% of Five Star Bancorp worth $3,365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Five Star Bancorp by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company's stock valued at $11,221,000 after purchasing an additional 25,374 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company's stock valued at $3,997,000 after purchasing an additional 89,834 shares in the last quarter. Barclays PLC lifted its stake in shares of 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 in the last quarter. State Street Corp lifted its stake in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company's stock valued at $11,094,000 after purchasing an additional 66,602 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Five Star Bancorp by 81.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company's stock valued at $698,000 after purchasing an additional 10,547 shares in the last quarter. Hedge funds and other institutional investors own 46.94% of the company's stock.

Remove Ads

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, Director Donna Lucas bought 2,650 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $28.43 per share, with a total value of $75,339.50. Following the transaction, the director now directly owns 12,076 shares in the company, valued at approximately $343,320.68. This trade represents a 28.11 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James Eugene Beckwith sold 4,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were 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 directly owns 476,381 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Analysts Set New Price Targets

FSBC has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating on the stock in a research note on Thursday, January 30th. Stephens reaffirmed an "overweight" rating and issued a $37.00 price objective on shares of Five Star Bancorp in a research note on Tuesday, January 28th. DA Davidson reaffirmed a "buy" rating and issued a $38.50 price objective on shares of Five Star Bancorp in a research note on Thursday, January 30th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $35.00 price objective (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th.

Five Star Bancorp Price Performance

Five Star Bancorp stock traded down $0.43 during midday trading on Friday, hitting $28.00. 118,389 shares of the company were exchanged, compared to its average volume of 53,394. The company's fifty day moving average price is $30.05 and its 200-day moving average price is $30.52. The company has a market cap of $597.21 million, a PE ratio of 12.28 and a beta of 0.48. Five Star Bancorp has a fifty-two week low of $21.10 and a fifty-two week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly 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 return on equity of 12.89% and a net margin of 21.40%. On average, analysts expect that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Monday, February 3rd. Five Star Bancorp's payout ratio is 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.