Five Star Bancorp (NASDAQ:FSBC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 201.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,449 shares of the company's stock after purchasing an additional 89,834 shares during the period. Charles Schwab Investment Management Inc. owned 0.63% of Five Star Bancorp worth $3,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in shares of Five Star Bancorp during the second quarter worth about $124,000. SG Americas Securities LLC purchased a new stake in Five Star Bancorp in the 3rd quarter worth approximately $182,000. Inspire Investing LLC acquired a new position in Five Star Bancorp in the 3rd quarter valued at $414,000. Rhumbline Advisers lifted its stake in shares of Five Star Bancorp by 30.3% during the 2nd quarter. Rhumbline Advisers now owns 23,856 shares of the company's stock worth $564,000 after purchasing an additional 5,542 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Five Star Bancorp by 128.7% during the second quarter. Renaissance Technologies LLC now owns 41,400 shares of the company's stock worth $979,000 after purchasing an additional 23,300 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company's stock.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the business'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 transaction of $46,005.00. Following the completion of the sale, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 25.57% of the company's stock.

Five Star Bancorp Stock Performance

Five Star Bancorp stock traded down $0.19 during trading on Friday, reaching $33.06. The company had a trading volume of 22,391 shares, compared to its average volume of 46,814. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13. The stock's 50 day moving average price is $31.71 and its two-hundred day moving average price is $28.40. The firm has a market capitalization of $704.84 million, a price-to-earnings ratio of 14.50 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its quarterly 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). The company had revenue of $54.05 million during the quarter. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. During the same quarter in the previous year, the business posted $0.64 EPS. As a group, research analysts expect that Five Star Bancorp will post 2.19 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.80 annualized dividend and a yield of 2.42%. Five Star Bancorp's dividend payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $33.00 to $37.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th.

About Five Star Bancorp

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.