JPMorgan Chase & Co. Has $1.79 Million Stake in Five Star Bancorp (NASDAQ:FSBC)

JPMorgan Chase & Co. boosted its position in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 153.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,456 shares of the company's stock after acquiring an additional 35,967 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of Five Star Bancorp worth $1,789,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FSBC. State Street Corp boosted its holdings in shares of Five Star Bancorp by 21.7% during the 3rd quarter. State Street Corp now owns 373,173 shares of the company's stock worth $11,094,000 after buying an additional 66,602 shares during the period. American Century Companies Inc. lifted its position in Five Star Bancorp by 31.1% during the fourth quarter. American Century Companies Inc. now owns 261,494 shares of the company's stock worth $7,868,000 after acquiring an additional 62,041 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Five Star Bancorp by 47.0% during the fourth quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company's stock worth $3,365,000 after acquiring an additional 35,783 shares during the period. Geode Capital Management LLC grew its position in shares of Five Star Bancorp by 7.2% in the third 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 during the last quarter. Finally, Barclays PLC grew its position in shares of Five Star Bancorp by 332.1% in the third quarter. Barclays PLC now owns 25,112 shares of the company's stock valued at $746,000 after purchasing an additional 19,301 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FSBC shares. Keefe, Bruyette & Woods reduced their price target on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Thursday, January 30th. Stephens reissued an "overweight" rating and issued a $37.00 target price on shares of Five Star Bancorp in a research report on Tuesday, January 28th. DA Davidson reaffirmed a "buy" rating and set a $38.50 price target on shares of Five Star Bancorp in a research report on Thursday, January 30th. Finally, Raymond James reissued an "outperform" rating and issued a $35.00 price objective (down previously from $38.00) on shares of Five Star Bancorp in a report on Wednesday, January 29th.

Five Star Bancorp Stock Up 0.2 %

Shares of NASDAQ:FSBC traded up $0.05 during trading on Monday, reaching $27.04. 47,447 shares of the company traded hands, compared to its average volume of 55,152. The firm has a market capitalization of $576.74 million, a PE ratio of 11.86 and a beta of 0.52. Five Star Bancorp has a 52 week low of $21.37 and a 52 week high of $35.13. The company's 50 day moving average is $28.01 and its two-hundred day moving average is $30.08.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. As a group, research analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, May 5th. Five Star Bancorp's dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling

In related news, Director Donna Lucas bought 2,650 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $28.43 per share, with a total value of $75,339.50. Following the completion of the acquisition, the director now owns 12,076 shares of the company's stock, valued at $343,320.68. The trade was a 28.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Eugene Beckwith sold 4,000 shares of the firm'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 transaction of $121,000.00. Following the completion of the sale, the chief executive officer now 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 company insiders.

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.