State Street Corp Has $11.09 Million Position in Five Star Bancorp (NASDAQ:FSBC)

State Street Corp lifted its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 21.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 373,173 shares of the company’s stock after purchasing an additional 66,602 shares during the period. State Street Corp owned 1.75% of Five Star Bancorp worth $11,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FSBC. American Century Companies Inc. grew its holdings in shares of Five Star Bancorp by 116.5% during the 2nd quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock worth $2,642,000 after purchasing an additional 60,118 shares in the last quarter. Davis Asset Management L.P. increased its position in shares of Five Star Bancorp by 3.4% during the second quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock worth $35,747,000 after buying an additional 50,000 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $3,997,000 after acquiring an additional 89,834 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Five Star Bancorp by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 88,589 shares of the company’s stock valued at $2,095,000 after buying an additional 8,991 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Five Star Bancorp by 128.7% in the second quarter. Renaissance Technologies LLC now owns 41,400 shares of the company’s stock valued at $979,000 after purchasing an additional 23,300 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FSBC shares. Raymond James began coverage on shares of Five Star Bancorp in a report on Thursday, December 19th. They set an “outperform” rating and a $38.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Insider Buying and Selling

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the transaction, the senior vice president now owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.57% of the stock is currently owned by company insiders.

Five Star Bancorp Price Performance

Shares of FSBC opened at $30.59 on Thursday. The firm has a market cap of $652.15 million, a P/E ratio of 13.42 and a beta of 0.45. Five Star Bancorp has a 1 year low of $21.10 and a 1 year high of $35.13. The stock has a 50 day simple moving average of $31.95 and a two-hundred day simple moving average of $28.90.

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

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s dividend payout ratio (DPR) is 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.