Dimensional Fund Advisors LP Grows Stake in Five Star Bancorp (NASDAQ:FSBC)

Dimensional Fund Advisors LP raised its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 32.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,558 shares of the company’s stock after purchasing an additional 39,256 shares during the period. Dimensional Fund Advisors LP owned 0.75% of Five Star Bancorp worth $3,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of FSBC. Cox Capital Mgt LLC increased its position in shares of 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 purchasing an additional 2,150 shares during the last quarter. Swiss National Bank increased its position in Five Star Bancorp by 8.3% during the first 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 last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Five Star Bancorp by 42.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 310,479 shares of the company’s stock valued at $6,986,000 after acquiring an additional 92,260 shares during the period. Vanguard Group Inc. raised its stake in shares of Five Star Bancorp by 31.9% in the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock valued at $16,064,000 after acquiring an additional 172,507 shares during the period. Finally, Stieven Capital Advisors L.P. bought a new stake in shares of Five Star Bancorp in the 1st quarter worth about $3,150,000. 46.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 3,000 shares of Five Star Bancorp stock in a transaction dated 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 owns 38,265 shares in the company, valued at approximately $1,113,128.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 4,000 shares of company stock valued at $116,340 over the last 90 days. Insiders own 25.57% of the company’s stock.

Five Star Bancorp Price Performance

Five Star Bancorp stock opened at $28.88 on Thursday. Five Star Bancorp has a 1-year low of $18.50 and a 1-year high of $31.00. The business has a fifty day moving average price of $28.57 and a 200-day moving average price of $25.27. The stock has a market capitalization of $615.72 million, a price-to-earnings ratio of 10.98 and a beta of 0.42.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.51 earnings per share (EPS) for the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. The business had revenue of $30.67 million during the quarter. On average, equities research analysts anticipate that Five Star Bancorp will post 2.16 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. Five Star Bancorp’s payout ratio is currently 30.42%.

Wall Street Analysts Forecast Growth

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

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.