SG Americas Securities LLC Purchases Shares of 6,118 Five Star Bancorp (NASDAQ:FSBC)

SG Americas Securities LLC acquired a new position in Five Star Bancorp (NASDAQ:FSBC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,118 shares of the company’s stock, valued at approximately $182,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Five Star Bancorp by 2.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after acquiring an additional 797 shares in the last quarter. Swiss National Bank lifted its holdings in Five Star Bancorp by 8.3% in the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after purchasing an additional 1,700 shares in the last quarter. Acadian Asset Management LLC bought a new position in Five Star Bancorp in the 2nd quarter worth approximately $124,000. Rhumbline Advisers grew its holdings in Five Star Bancorp by 30.3% during the 2nd quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock valued at $564,000 after buying an additional 5,542 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Five Star Bancorp by 11.3% during 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 last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Michael Eugene Lee sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 4,000 shares of company stock valued at $116,340 over the last three months. 25.57% of the stock is owned by company insiders.

Five Star Bancorp Stock Up 0.8 %

Five Star Bancorp stock opened at $30.70 on Thursday. The company’s 50-day moving average price is $29.17 and its 200-day moving average price is $25.79. The company has a market cap of $654.52 million, a PE ratio of 11.67 and a beta of 0.42. Five Star Bancorp has a twelve month low of $18.50 and a twelve month high of $31.79.

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

Five Star Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Monday, November 4th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. Five Star Bancorp’s dividend payout ratio is presently 30.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Stephens raised their price objective 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. Finally, DA Davidson boosted their target price on Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

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.