American Century Companies Inc. Acquires 41,143 Shares of Five Star Bancorp $FSBC

Key Points

• American Century Companies Inc. increased its stake in Five Star Bancorp by 15.7%, acquiring an additional 41,143 shares, bringing its total ownership to approximately 1.42%, valued at $8.4 million.
• Analysts have given Five Star Bancorp a consensus rating of "Moderate Buy," with price targets generally ranging between $31.00 to $39.00 following various upgrades and adjustments.
• Five Star Bancorp recently declared a quarterly dividend of $0.20 per share, offering a yield of 2.4%, with a payout ratio of 32.65%.

American Century Companies Inc. boosted its holdings in Five Star Bancorp (NASDAQ:FSBC - Free Report) by 15.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,637 shares of the company's stock after acquiring an additional 41,143 shares during the quarter. American Century Companies Inc. owned 1.42% of Five Star Bancorp worth $8,413,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FSBC. Nuveen LLC bought a new position in Five Star Bancorp in the 1st quarter valued at approximately $1,233,000. Millennium Management LLC bought a new position in shares of Five Star Bancorp during the 4th quarter valued at $862,000. Vanguard Group Inc. lifted its holdings in shares of Five Star Bancorp by 2.7% during the 1st 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 period. Dimensional Fund Advisors LP lifted its holdings in shares of Five Star Bancorp by 9.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 177,091 shares of the company's stock valued at $5,329,000 after buying an additional 14,885 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Five Star Bancorp by 4.1% during the 1st quarter. Invesco Ltd. now owns 360,777 shares of the company's stock valued at $10,030,000 after buying an additional 14,126 shares during the period. 46.94% of the stock is owned by institutional investors.

Five Star Bancorp Trading Down 0.1%

Five Star Bancorp stock traded down $0.04 during trading on Monday, reaching $32.77. The company had a trading volume of 35,148 shares, compared to its average volume of 33,650. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $35.13. The firm's 50-day simple moving average is $30.50 and its 200 day simple moving average is $28.89. The firm has a market capitalization of $700.29 million, a price-to-earnings ratio of 13.38 and a beta of 0.52.

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

Five Star Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $30.94, for a total transaction of $25,525.50. Following the sale, the chief operating officer directly owned 11,960 shares of the company's stock, valued at $370,042.40. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Eugene Beckwith sold 6,429 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $27.74, for a total value of $178,340.46. Following the sale, the chief executive officer directly owned 469,952 shares in the company, valued at approximately $13,036,468.48. This represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,854 shares of company stock worth $220,324. Insiders own 25.57% of the company's stock.

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.