Janus Henderson Group PLC Trims Stake in Five Star Bancorp (NASDAQ:FSBC)

Janus Henderson Group PLC lessened its holdings in Five Star Bancorp (NASDAQ:FSBC) by 3.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,834 shares of the company’s stock after selling 495 shares during the period. Janus Henderson Group PLC owned 0.06% of Five Star Bancorp worth $382,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Five Star Bancorp in the 3rd quarter valued at about $109,000. Acadian Asset Management LLC purchased a new stake in Five Star Bancorp in the second quarter valued at approximately $124,000. SG Americas Securities LLC bought a new stake in Five Star Bancorp during the third quarter valued at approximately $182,000. PDT Partners LLC purchased a new position in Five Star Bancorp in the 3rd quarter worth approximately $244,000. Finally, Inspire Investing LLC bought a new position in shares of Five Star Bancorp in the 3rd quarter worth $414,000. Institutional investors own 46.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Five Star Bancorp Price Performance

Shares of NASDAQ:FSBC opened at $33.06 on Monday. The company has a market cap of $704.84 million, a PE ratio of 14.50 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’s 50-day moving average is $31.71 and its 200 day moving average is $28.47.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results 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). Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. The company had revenue of $54.05 million during the quarter. During the same quarter in the prior year, the business posted $0.64 EPS. Analysts expect that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently declared 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. This represents a $0.80 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Insider Buying and Selling

In related news, SVP Michael Eugene Lee sold 1,500 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 36,765 shares of the company’s stock, valued at $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.57% of the stock is owned by insiders.

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.