Jane Street Group LLC Sells 20,838 Shares of Five Star Bancorp (NASDAQ:FSBC)

Jane Street Group LLC reduced its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 64.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,624 shares of the company’s stock after selling 20,838 shares during the quarter. Jane Street Group LLC’s holdings in Five Star Bancorp were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FSBC. Davis Asset Management L.P. grew its holdings in 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 valued at $35,747,000 after purchasing an additional 50,000 shares during the period. State Street Corp boosted its position in shares of Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after purchasing an additional 66,602 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Five Star Bancorp by 32.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock valued at $3,797,000 after buying an additional 39,256 shares during the period. Brighton Jones LLC increased its position in shares of Five Star Bancorp by 0.3% in the 3rd quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock valued at $4,202,000 after buying an additional 401 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 valued at $3,997,000 after buying an additional 89,834 shares in the last quarter. 46.94% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 25.57% of the stock is owned by corporate insiders.

Five Star Bancorp Trading Down 0.4 %

Shares of NASDAQ FSBC opened at $29.66 on Thursday. The company has a fifty day moving average price of $31.84 and a 200 day moving average price of $29.40. The firm has a market cap of $632.32 million, a PE ratio of 13.01 and a beta of 0.48. Five Star Bancorp has a 1-year low of $21.10 and a 1-year 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 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 earned $0.64 earnings per share. Equities research analysts forecast that Five Star Bancorp will post 2.19 EPS for the current year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.70%. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Analysts Set New Price Targets

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