Five Star Bancorp (NASDAQ:FSBC) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 25.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,435 shares of the company’s stock after buying an additional 4,564 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Five Star Bancorp worth $667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSBC. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Five Star Bancorp in the 3rd quarter valued at about $109,000. Charles Schwab Investment Management Inc. boosted its position in Five Star Bancorp by 201.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock valued at $3,997,000 after buying an additional 89,834 shares during the period. Brighton Jones LLC grew its stake in shares of Five Star Bancorp by 0.3% in the third quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock worth $4,202,000 after acquiring an additional 401 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Five Star Bancorp during the third quarter worth $414,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Five Star Bancorp in the third quarter valued at $182,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FSBC. Keefe, Bruyette & Woods raised their target price on shares of Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Raymond James began coverage on Five Star Bancorp in a research report on Thursday. They set an “outperform” rating and a $38.00 price target on the stock.

Five Star Bancorp Trading Up 0.7 %

Shares of FSBC stock opened at $30.39 on Friday. The business’s 50 day moving average is $31.95 and its two-hundred day moving average is $28.69. Five Star Bancorp has a twelve month low of $21.10 and a twelve month high of $35.13. The company has a market capitalization of $647.88 million, a P/E ratio of 13.33 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). Five Star Bancorp had a return on equity of 12.80% and a net margin of 21.35%. The company had revenue of $54.05 million for the quarter. During the same quarter in the prior year, the firm earned $0.64 EPS. As a group, equities analysts predict that Five Star Bancorp will post 2.19 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.63%. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Insider Activity

In other news, SVP Michael Eugene Lee sold 1,500 shares of Five Star Bancorp stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now directly owns 36,765 shares in the company, valued at $1,127,582.55. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 25.57% of the company’s stock.

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.