Acadian Asset Management LLC Invests $124,000 in Five Star Bancorp (NASDAQ:FSBC)

Acadian Asset Management LLC purchased a new stake in Five Star Bancorp (NASDAQ:FSBC) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,284 shares of the company’s stock, valued at approximately $124,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Interval Partners LP purchased a new position in Five Star Bancorp in the first quarter valued at about $450,000. Swiss National Bank grew its holdings in shares of Five Star Bancorp by 8.3% in the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after acquiring an additional 1,700 shares during the period. Rhumbline Advisers grew its holdings in shares of Five Star Bancorp by 30.3% in the 2nd quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock worth $564,000 after acquiring an additional 5,542 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Five Star Bancorp by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after purchasing an additional 797 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Five Star Bancorp by 26.2% during the second quarter. TD Asset Management Inc now owns 57,696 shares of the company’s stock worth $1,365,000 after purchasing an additional 11,990 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Insider Transactions at Five Star Bancorp

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

Wall Street Analysts Forecast Growth

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

Five Star Bancorp Stock Performance

FSBC stock opened at $29.92 on Friday. The stock’s 50 day moving average price is $28.43 and its 200 day moving average price is $24.73. The firm has a market cap of $637.89 million, a P/E ratio of 11.61 and a beta of 0.42. Five Star Bancorp has a 1 year low of $18.50 and a 1 year high of $31.00.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.51 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts predict that Five Star Bancorp will post 2.16 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, August 5th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, August 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. Five Star Bancorp’s dividend payout ratio is currently 30.42%.

Five Star Bancorp 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.