Jane Street Group LLC Sells 20,838 Shares of Five Star Bancorp (NASDAQ:FSBC)

Jane Street Group LLC trimmed its position in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 64.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,624 shares of the company's stock after selling 20,838 shares during the quarter. Jane Street Group LLC owned approximately 0.05% of Five Star Bancorp worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in 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 worth $3,997,000 after purchasing an additional 89,834 shares during the last quarter. State Street Corp raised its position in shares of Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company's stock worth $11,094,000 after acquiring an additional 66,602 shares during the last quarter. American Century Companies Inc. lifted its stake 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 valued at $2,642,000 after acquiring an additional 60,118 shares during the period. Davis Asset Management L.P. lifted its stake in shares of 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 acquiring an additional 50,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Five Star Bancorp by 32.4% in the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company's stock valued at $3,797,000 after acquiring an additional 39,256 shares during the last quarter. 46.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on FSBC shares. Raymond James started coverage on shares of Five Star Bancorp in a research report on Thursday, December 19th. They set an "outperform" rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Five Star Bancorp from $33.00 to $37.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

Five Star Bancorp Stock Performance

NASDAQ:FSBC traded down $0.11 during mid-day trading on Thursday, hitting $29.66. The company had a trading volume of 22,614 shares, compared to its average volume of 33,443. Five Star Bancorp has a fifty-two week low of $21.10 and a fifty-two week high of $35.13. The firm has a market cap of $632.32 million, a P/E ratio of 13.01 and a beta of 0.48. The business's fifty day moving average is $31.83 and its two-hundred day moving average is $29.40.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). The firm had revenue of $54.05 million for the quarter. Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. During the same quarter last year, the firm earned $0.64 earnings per share. Equities analysts forecast that Five Star Bancorp will post 2.19 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.70%. The ex-dividend date was Monday, November 4th. Five Star Bancorp's payout ratio is presently 35.09%.

Insiders Place Their Bets

In related news, SVP Michael Eugene Lee sold 1,500 shares of the firm's stock in a transaction 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 sale, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 25.57% of the company's stock.

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.