Five Star Bancorp (NASDAQ:FSBC) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC cut its stake in Five Star Bancorp (NASDAQ:FSBC - Free Report) by 32.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 183,608 shares of the company's stock after selling 86,717 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.86% of Five Star Bancorp worth $5,525,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in Five Star Bancorp during the fourth quarter worth $108,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Five Star Bancorp in the 3rd quarter valued at about $109,000. Intech Investment Management LLC acquired a new position in Five Star Bancorp in the fourth quarter valued at about $217,000. SG Americas Securities LLC boosted its stake 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 worth $218,000 after buying an additional 1,143 shares during the period. Finally, PDT Partners LLC purchased a new position in Five Star Bancorp during the third quarter worth about $244,000. Hedge funds and other institutional investors own 46.94% of the company's stock.

Analysts Set New Price Targets

FSBC has been the topic of several recent analyst reports. Raymond James restated an "outperform" rating and issued a $35.00 price objective (down from $38.00) on shares of Five Star Bancorp in a report on Wednesday, January 29th. Stephens restated an "overweight" rating and set a $37.00 price target on shares of Five Star Bancorp in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods cut their price objective on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Thursday, January 30th. Finally, DA Davidson restated a "buy" rating and set a $38.50 target price on shares of Five Star Bancorp in a report on Thursday, January 30th.

Insiders Place Their Bets

In other news, Director Donna Lucas purchased 2,650 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $28.43 per share, with a total value of $75,339.50. Following the completion of the transaction, the director now directly owns 12,076 shares in the company, valued at approximately $343,320.68. This represents a 28.11 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 476,381 shares of the company's stock, valued at $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 owned by corporate insiders.

Five Star Bancorp Trading Up 0.2 %

FSBC traded up $0.07 on Monday, hitting $27.84. 15,227 shares of the company were exchanged, compared to its average volume of 54,353. The firm has a 50-day moving average price of $29.89 and a two-hundred day moving average price of $30.53. The company has a market cap of $593.69 million, a price-to-earnings ratio of 12.15 and a beta of 0.48. 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, January 27th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. Equities analysts expect that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a $0.20 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.80 annualized dividend and a yield of 2.87%. Five Star Bancorp's dividend payout ratio is currently 35.09%.

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.