28,637 Shares in Five Star Bancorp (NASDAQ:FSBC) Acquired by Millennium Management LLC

Millennium Management LLC purchased a new position in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Five Star Bancorp by 6.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,514 shares of the company's stock valued at $286,000 after acquiring an additional 564 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Five Star Bancorp by 43.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,661 shares of the company's stock valued at $501,000 after acquiring an additional 5,022 shares in the last quarter. Deutsche Bank AG raised its position in Five Star Bancorp by 44.8% during the fourth quarter. Deutsche Bank AG now owns 7,366 shares of the company's stock valued at $222,000 after acquiring an additional 2,280 shares in the last quarter. Bank of America Corp DE raised its position in Five Star Bancorp by 22.5% during the fourth quarter. Bank of America Corp DE now owns 21,448 shares of the company's stock valued at $645,000 after acquiring an additional 3,938 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Five Star Bancorp during the fourth quarter valued at approximately $60,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Five Star Bancorp Stock Up 2.3%

NASDAQ:FSBC opened at $27.82 on Friday. Five Star Bancorp has a 12 month low of $22.22 and a 12 month high of $35.13. The firm has a market cap of $593.37 million, a price-to-earnings ratio of 12.20 and a beta of 0.52. The company's 50 day moving average is $27.34 and its 200-day moving average is $29.44.

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

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. Five Star Bancorp's payout ratio is 35.09%.

Insider Transactions at Five Star Bancorp

In related news, Director Donna Lucas acquired 2,650 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the purchase, the director now owns 12,076 shares in the company, valued at approximately $343,320.68. The trade was a 28.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 21.70% of the stock is currently owned by corporate insiders.

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.

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