Brighton Jones LLC Has $3.33 Million Stock Position in Five Star Bancorp (NASDAQ:FSBC)

Brighton Jones LLC reduced its position in shares of Five Star Bancorp (NASDAQ:FSBC) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,941 shares of the company’s stock after selling 1,714 shares during the period. Brighton Jones LLC owned approximately 0.66% of Five Star Bancorp worth $3,333,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of Five Star Bancorp during the second quarter worth $124,000. Interval Partners LP acquired a new position in shares of Five Star Bancorp during the first quarter worth $450,000. Swiss National Bank increased its holdings in shares of Five Star Bancorp by 8.3% during the first quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after buying an additional 1,700 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Five Star Bancorp by 30.3% during the second quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock worth $564,000 after buying an additional 5,542 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Five Star Bancorp by 2.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock worth $770,000 after buying an additional 797 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Five Star Bancorp Stock Up 2.1 %

Shares of FSBC stock opened at $30.85 on Friday. The company has a 50 day moving average of $28.31 and a 200-day moving average of $24.68. The firm has a market cap of $657.72 million, a P/E ratio of 11.71 and a beta of 0.42. Five Star Bancorp has a 12-month low of $18.50 and a 12-month high of $31.00.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.51 EPS for the quarter. The company had revenue of $30.67 million during the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. As a group, equities analysts expect that Five Star Bancorp will post 2.16 EPS for the current year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, August 5th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.59%. The ex-dividend date was Monday, August 5th. Five Star Bancorp’s payout ratio is 30.42%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 3,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the transaction, the senior vice president now directly owns 38,265 shares of the company’s stock, valued at approximately $1,113,128.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,000 shares of company stock valued at $116,340 in the last three months. Company insiders own 25.57% of the company’s stock.

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.