95,347 Shares in Five Star Bancorp $FSBC Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new position in Five Star Bancorp (NASDAQ:FSBC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 95,347 shares of the company's stock, valued at approximately $4,642,000. Bank of New York Mellon Corp owned 0.45% of Five Star Bancorp at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Five Star Bancorp by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company's stock worth $275,000 after acquiring an additional 390 shares in the last quarter. First Trust Advisors LP grew its stake in Five Star Bancorp by 3.4% in the second quarter. First Trust Advisors LP now owns 13,816 shares of the company's stock worth $394,000 after purchasing an additional 458 shares during the period. State of Wyoming purchased a new stake in Five Star Bancorp in the second quarter worth $27,000. Swiss National Bank raised its holdings in Five Star Bancorp by 1.9% in the fourth quarter. Swiss National Bank now owns 31,596 shares of the company's stock worth $1,131,000 after purchasing an additional 600 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Five Star Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 139,221 shares of the company's stock valued at $4,981,000 after buying an additional 1,036 shares during the period. Institutional investors own 46.94% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings raised shares of Five Star Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, August 11th. DA Davidson upped their price target on Five Star Bancorp from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Zacks Research raised Five Star Bancorp from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. Finally, Stephens set a $51.00 price target on Five Star Bancorp in a report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Five Star Bancorp currently has an average rating of "Moderate Buy" and a consensus price target of $45.20.

Insider Buying and Selling at Five Star Bancorp

In related news, Director Kevin Ramos purchased 5,682 shares of the business's stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average price of $44.00 per share, with a total value of $250,008.00. Following the completion of the acquisition, the director owned 177,546 shares of the company's stock, valued at approximately $7,812,024. This trade represents a 3.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Shannon Deary-Bell acquired 5,682 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average cost of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the transaction, the director owned 85,244 shares in the company, valued at approximately $3,750,736. This represents a 7.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 142,727 shares of company stock worth $6,279,988. Insiders own 21.79% of the company's stock.

Five Star Bancorp Price Performance

NASDAQ FSBC opened at $46.96 on Friday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 13.89 and a beta of 0.53. Five Star Bancorp has a 1-year low of $30.68 and a 1-year high of $50.26. The business's fifty day moving average price is $47.18 and its 200-day moving average price is $42.96.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. The company had revenue of $47.95 million during the quarter, compared to analyst estimates of $47.72 million. Five Star Bancorp had a return on equity of 15.92% and a net margin of 25.92%. Equities research analysts anticipate that Five Star Bancorp will post 3.52 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, August 3rd. Five Star Bancorp's dividend payout ratio (DPR) is currently 29.59%.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company's core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source