Five Star Bancorp $FSBC Shares Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. boosted its position in Five Star Bancorp (NASDAQ:FSBC - Free Report) by 27.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 232,665 shares of the company's stock after purchasing an additional 50,606 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 1.09% of Five Star Bancorp worth $6,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Five Star Bancorp during the fourth quarter worth about $60,000. GAMMA Investing LLC grew its stake in Five Star Bancorp by 8,240.7% in the 1st quarter. GAMMA Investing LLC now owns 2,252 shares of the company's stock worth $63,000 after acquiring an additional 2,225 shares during the period. Public Employees Retirement System of Ohio grew its stake in Five Star Bancorp by 91.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company's stock worth $90,000 after acquiring an additional 1,427 shares during the period. AlphaQuest LLC acquired a new position in Five Star Bancorp in the 1st quarter valued at $212,000. Finally, Deutsche Bank AG raised its holdings in Five Star Bancorp by 44.8% in the 4th 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 during the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $30.94, for a total value of $25,525.50. Following the completion of the transaction, the chief operating officer owned 11,960 shares in the company, valued at $370,042.40. This represents a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 21.70% of the company's stock.

Five Star Bancorp Stock Performance

Five Star Bancorp stock traded down $0.09 during trading on Friday, reaching $32.82. 17,640 shares of the company's stock were exchanged, compared to its average volume of 28,449. The company's 50-day moving average is $31.18 and its two-hundred day moving average is $29.01. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $35.13. The firm has a market cap of $701.36 million, a price-to-earnings ratio of 13.40 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. The company had revenue of $38.33 million for the quarter, compared to analyst estimates of $37.60 million. Five Star Bancorp had a return on equity of 12.89% and a net margin of 22.14%. Analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, August 4th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, August 4th. Five Star Bancorp's dividend payout ratio (DPR) is presently 32.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. DA Davidson raised their price objective on Five Star Bancorp from $37.00 to $39.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Keefe, Bruyette & Woods raised their price target on Five Star Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.00.

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.