Millennium Management LLC Buys New Holdings in Five Star Bancorp (NASDAQ:FSBC)

Millennium Management LLC acquired a new stake in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,637 shares of the company's stock, valued at approximately $862,000. Millennium Management LLC owned 0.13% of Five Star Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of Five Star Bancorp during the fourth quarter worth $60,000. KLP Kapitalforvaltning AS acquired a new stake in Five Star Bancorp during the 4th quarter worth $108,000. Intech Investment Management LLC acquired a new stake in Five Star Bancorp during the 4th quarter worth $217,000. SG Americas Securities LLC lifted its holdings in Five Star Bancorp by 18.7% during the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company's stock worth $218,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Five Star Bancorp by 44.8% in the fourth quarter. Deutsche Bank AG now owns 7,366 shares of the company's stock worth $222,000 after acquiring an additional 2,280 shares in the last quarter. Institutional investors own 46.94% of the company's stock.

Five Star Bancorp Stock Up 2.4%

Shares of NASDAQ:FSBC traded up $0.68 during mid-day trading on Tuesday, reaching $28.44. 48,189 shares of the stock were exchanged, compared to its average volume of 55,941. The stock's 50 day simple moving average is $27.38 and its 200-day simple moving average is $29.35. Five Star Bancorp has a one year low of $22.22 and a one year high of $35.13. The company has a market cap of $606.60 million, a P/E ratio of 12.47 and a beta of 0.51.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $35.34 million during the quarter, compared to analysts' expectations of $35.27 million. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. Analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Monday, May 5th. Five Star Bancorp's dividend payout ratio (DPR) is currently 35.09%.

Insider Buying and Selling at Five Star Bancorp

In related news, Director Donna Lucas purchased 2,650 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $28.43 per share, with a total value of $75,339.50. Following the transaction, the director now directly owns 12,076 shares of the company's stock, valued at $343,320.68. This trade represents a 28.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 21.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FSBC. Raymond James cut their price objective on Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Citigroup reiterated an "outperform" rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. Finally, DA Davidson lowered their price objective on shares of Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

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.