AlphaQuest LLC Takes $212,000 Position in Five Star Bancorp $FSBC

Key Points

• AlphaQuest LLC acquired 7,640 shares of Five Star Bancorp, worth approximately $212,000, marking its first stake in the company during the first quarter.
• The company announced a quarterly dividend of $0.20, resulting in a 2.4% dividend yield and a payout ratio of 32.65%.
• Five Star Bancorp reported $0.68 earnings per share for the last quarter, exceeding analysts' expectations of $0.65.

AlphaQuest LLC acquired a new position in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,640 shares of the company's stock, valued at approximately $212,000.

Several other large investors also recently bought and sold shares of FSBC. Bragg Financial Advisors Inc increased its stake in shares of Five Star Bancorp by 180.9% in the first quarter. Bragg Financial Advisors Inc now owns 71,174 shares of the company's stock worth $1,979,000 after acquiring an additional 45,837 shares during the period. Nuveen LLC purchased a new position in Five Star Bancorp during the first quarter valued at $1,233,000. American Century Companies Inc. lifted its holdings in Five Star Bancorp by 15.7% during the first quarter. American Century Companies Inc. now owns 302,637 shares of the company's stock valued at $8,413,000 after purchasing an additional 41,143 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Five Star Bancorp in the fourth quarter valued at about $862,000. Finally, Vanguard Group Inc. raised its position in shares of Five Star Bancorp by 2.7% in the first quarter. Vanguard Group Inc. now owns 862,647 shares of the company's stock valued at $23,982,000 after buying an additional 22,505 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company's stock.

Insider Buying and Selling at Five Star Bancorp

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of Five Star Bancorp stock in a transaction 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 directly owned 11,960 shares of the company's stock, valued at $370,042.40. The trade was a 6.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Eugene Beckwith sold 6,429 shares of Five Star Bancorp stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $27.74, for a total value of $178,340.46. Following the completion of the transaction, the chief executive officer owned 469,952 shares in the company, valued at approximately $13,036,468.48. The trade was a 1.35% decrease in their position. The disclosure for this sale can be found here. 25.57% of the stock is owned by insiders.

Five Star Bancorp Trading Up 2.3%

NASDAQ FSBC traded up $0.74 during midday trading on Thursday, hitting $33.15. The company had a trading volume of 14,654 shares, compared to its average volume of 51,984. The company has a market capitalization of $708.31 million, a PE ratio of 13.53 and a beta of 0.52. The firm has a 50-day moving average price of $30.68 and a 200-day moving average price of $28.94. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $35.13.

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

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, August 4th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $0.80 annualized dividend and a yield of 2.4%. Five Star Bancorp's payout ratio is currently 32.65%.

Wall Street Analysts Forecast Growth

FSBC has been the subject of several analyst reports. DA Davidson increased their price target on shares of Five Star Bancorp from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Keefe, Bruyette & Woods lifted their price target on shares of Five Star Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a research report 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.