Kennedy Capital Management LLC decreased its holdings in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 270,927 shares of the company's stock after selling 31,655 shares during the quarter. Kennedy Capital Management LLC owned 1.27% of Five Star Bancorp worth $8,152,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new position in Five Star Bancorp in the fourth quarter worth about $108,000. Intech Investment Management LLC purchased a new position in shares of Five Star Bancorp during the 4th quarter valued at about $217,000. SG Americas Securities LLC grew its position in Five Star Bancorp by 18.7% during the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company's stock valued at $218,000 after buying an additional 1,143 shares during the period. Riverwater Partners LLC acquired a new position in Five Star Bancorp in the 4th quarter worth about $243,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Five Star Bancorp during the fourth quarter worth $259,000. 46.94% of the stock is owned by hedge funds and other institutional investors.
Five Star Bancorp Stock Performance
Shares of FSBC traded up $0.03 during mid-day trading on Wednesday, hitting $26.27. The company's stock had a trading volume of 6,873 shares, compared to its average volume of 54,628. The stock's 50-day moving average is $28.70 and its two-hundred day moving average is $30.18. The firm has a market capitalization of $560.31 million, a PE ratio of 11.52 and a beta of 0.52. Five Star Bancorp has a one year low of $21.16 and a one year high of $35.13.
Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its 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 net margin of 21.40% and a return on equity of 12.89%. 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. Investors of record on Monday, February 3rd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.80 annualized dividend and a yield of 3.05%. Five Star Bancorp's dividend payout ratio is currently 35.09%.
Insiders Place Their Bets
In other Five Star Bancorp news, CEO James Eugene Beckwith sold 4,000 shares of the company's stock in a transaction 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. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna Lucas purchased 2,650 shares of Five Star Bancorp stock in a transaction that occurred on Thursday, March 13th. The shares were purchased 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 of the company's stock, valued at $343,320.68. This represents a 28.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 25.57% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Stephens reiterated an "overweight" rating and issued a $37.00 target price on shares of Five Star Bancorp in a report on Tuesday, January 28th. Raymond James reiterated an "outperform" rating and issued a $35.00 price target (down previously from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods cut their price target on shares of Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Thursday, January 30th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $38.50 target price on shares of Five Star Bancorp in a research note on Thursday, January 30th.
View Our Latest Stock Analysis on FSBC
Five Star Bancorp Profile
(
Free Report)
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.
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