Geode Capital Management LLC Acquires 25,374 Shares of Five Star Bancorp (NASDAQ:FSBC)

Geode Capital Management LLC grew its stake in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 377,347 shares of the company's stock after buying an additional 25,374 shares during the period. Geode Capital Management LLC owned 1.77% of Five Star Bancorp worth $11,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Five Star Bancorp during the 3rd quarter valued at approximately $109,000. Acadian Asset Management LLC acquired a new position in shares of Five Star Bancorp during the second quarter valued at $124,000. SG Americas Securities LLC bought a new position in shares of Five Star Bancorp during the third quarter worth about $182,000. PDT Partners LLC bought a new stake in Five Star Bancorp in the 3rd quarter valued at about $244,000. Finally, Inspire Investing LLC bought a new position in Five Star Bancorp in the 3rd quarter worth about $414,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the business's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the completion of the sale, the senior vice president now owns 36,765 shares of the company's stock, valued at $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.57% of the stock is owned by corporate insiders.

Five Star Bancorp Stock Performance

NASDAQ:FSBC traded down $0.25 during trading hours on Wednesday, hitting $30.09. 30,729 shares of the company's stock traded hands, compared to its average volume of 47,064. The stock's fifty day moving average price is $31.92 and its two-hundred day moving average price is $29.14. The firm has a market cap of $641.49 million, a P/E ratio of 13.20 and a beta of 0.45. Five Star Bancorp has a twelve month low of $21.10 and a twelve month high of $35.13.

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 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 return on equity of 12.80% and a net margin of 21.35%. During the same period last year, the business earned $0.64 earnings per share. On average, equities research analysts predict that Five Star Bancorp will post 2.19 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp's dividend payout ratio is currently 35.09%.

Analyst Upgrades and Downgrades

FSBC has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on Five Star Bancorp from $33.00 to $37.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Raymond James initiated coverage on shares of Five Star Bancorp in a report on Thursday, December 19th. They issued an "outperform" rating and a $38.00 price target for the company.

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.