JPMorgan Chase & Co. Purchases 10,547 Shares of Five Star Bancorp (NASDAQ:FSBC)

JPMorgan Chase & Co. boosted its holdings in Five Star Bancorp (NASDAQ:FSBC) by 81.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,489 shares of the company’s stock after purchasing an additional 10,547 shares during the quarter. JPMorgan Chase & Co. owned about 0.11% of Five Star Bancorp worth $698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Five Star Bancorp during the third quarter valued at about $109,000. SG Americas Securities LLC bought a new position in Five Star Bancorp in the 3rd quarter valued at about $182,000. PDT Partners LLC acquired a new position in Five Star Bancorp during the 3rd quarter valued at about $244,000. Inspire Investing LLC bought a new stake in Five Star Bancorp during the 3rd quarter worth approximately $414,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Five Star Bancorp by 25.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock worth $667,000 after purchasing an additional 4,564 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FSBC shares. Keefe, Bruyette & Woods lifted their target price on Five Star Bancorp from $33.00 to $37.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Raymond James assumed coverage on Five Star Bancorp in a research note on Thursday, December 19th. They set an “outperform” rating and a $38.00 price objective on the stock.

Five Star Bancorp Stock Up 0.4 %

Shares of NASDAQ FSBC opened at $29.86 on Monday. The company has a market capitalization of $636.62 million, a PE ratio of 13.10 and a beta of 0.48. The stock’s 50 day moving average price is $31.34 and its 200-day moving average price is $29.99. Five Star Bancorp has a twelve month low of $21.10 and a twelve month high of $35.13.

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

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is currently 35.09%.

Insider Activity at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,500 shares of the company’s stock in a transaction that occurred on 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 in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 25.57% of the stock is owned by company insiders.

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.