Five Star Bancorp (NASDAQ:FSBC) Shares Bought by Barclays PLC

Barclays PLC increased its position in shares of Five Star Bancorp (NASDAQ:FSBC) by 332.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,112 shares of the company’s stock after purchasing an additional 19,301 shares during the period. Barclays PLC’s holdings in Five Star Bancorp were worth $746,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Five Star Bancorp by 11.3% in the 2nd 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 period. Rhumbline Advisers lifted its holdings in Five Star Bancorp by 30.3% in the second quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock valued at $564,000 after acquiring an additional 5,542 shares during the last quarter. TD Asset Management Inc grew its position in Five Star Bancorp by 26.2% in the second quarter. TD Asset Management Inc now owns 57,696 shares of the company’s stock worth $1,365,000 after acquiring an additional 11,990 shares during the period. Acadian Asset Management LLC acquired a new stake in Five Star Bancorp during the second quarter worth $124,000. Finally, American Century Companies Inc. increased its stake in Five Star Bancorp by 116.5% during the second quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock worth $2,642,000 after acquiring an additional 60,118 shares during the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FSBC shares. Raymond James began coverage on Five Star Bancorp in a report on Thursday, December 19th. They set an “outperform” rating and a $38.00 price target for the company. Keefe, Bruyette & Woods increased their target price on shares of Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Activity at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 36,765 shares in the company, valued at approximately $1,127,582.55. The trade was a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 25.57% of the stock is owned by corporate insiders.

Five Star Bancorp Stock Down 0.8 %

FSBC opened at $30.09 on Wednesday. Five Star Bancorp has a 52 week low of $21.10 and a 52 week high of $35.13. The business has a fifty day simple moving average of $31.92 and a 200-day simple moving average of $29.09. The firm has a market cap of $641.49 million, a P/E ratio of 13.20 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). The firm had revenue of $54.05 million for the quarter. Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. During the same period last year, the business earned $0.64 EPS. Sell-side analysts expect that Five Star Bancorp will post 2.19 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.80 annualized dividend and a yield of 2.66%. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

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.