Bank of New York Mellon Corp Raises Stake in Five Star Bancorp (NASDAQ:FSBC)

Bank of New York Mellon Corp boosted its holdings in Five Star Bancorp (NASDAQ:FSBC) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,589 shares of the company’s stock after acquiring an additional 8,991 shares during the quarter. Bank of New York Mellon Corp owned 0.42% of Five Star Bancorp worth $2,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Interval Partners LP bought a new position in shares of Five Star Bancorp during the 1st quarter valued at about $450,000. Swiss National Bank boosted its holdings in Five Star Bancorp by 8.3% during the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock valued at $497,000 after acquiring an additional 1,700 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Five Star Bancorp by 2.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after acquiring an additional 797 shares during the period. EJF Capital LLC purchased a new stake in Five Star Bancorp during the 1st quarter valued at about $1,688,000. Finally, Cox Capital Mgt LLC boosted its holdings in Five Star Bancorp by 2.8% during the 1st quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock valued at $1,787,000 after acquiring an additional 2,150 shares during the period. 46.94% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Michael Eugene Lee sold 3,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $29.09, for a total transaction of $87,270.00. Following the completion of the transaction, the senior vice president now directly owns 38,265 shares of the company’s stock, valued at $1,113,128.85. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 4,000 shares of company stock worth $116,340 over the last ninety days. Corporate insiders own 25.57% of the company’s stock.

Five Star Bancorp Price Performance

Shares of FSBC opened at $30.01 on Wednesday. Five Star Bancorp has a one year low of $18.50 and a one year high of $30.70. The firm has a market capitalization of $639.81 million, a P/E ratio of 11.41 and a beta of 0.42. The business has a fifty day moving average of $28.19 and a 200 day moving average of $24.64.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Wednesday, July 24th. The company reported $0.51 earnings per share for the quarter. The company had revenue of $30.67 million for the quarter. Five Star Bancorp had a return on equity of 14.03% and a net margin of 22.24%. Analysts expect that Five Star Bancorp will post 2.16 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Monday, August 5th were given a dividend of $0.20 per share. The ex-dividend date was Monday, August 5th. This represents a $0.80 annualized dividend and a yield of 2.67%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 30.42%.

Analyst Upgrades and Downgrades

FSBC has been the subject of several research analyst reports. DA Davidson increased their price objective on Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stephens raised their target price on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised their price objective on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday, July 26th.

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.