Deprince Race & Zollo Inc. Grows Stock Holdings in Five Star Bancorp $FSBC

Key Points

• Deprince Race & Zollo Inc. increased its stake in Five Star Bancorp by 81.1%, adding 55,698 shares to hold 124,338 shares (about 0.58% of the company) valued at roughly $4.45 million at quarter-end.
• Company insiders have been selling recently — SVP Michael Eugene Lee sold 1,200 shares and CEO James E. Beckwith sold 4,000 shares — with insiders owning 21.7% of the stock.
• Five Star beat Q4 EPS estimates ($0.83 vs. $0.77), raised its quarterly dividend to $0.25 (annualized $1.00, yield ~2.5%), and carries an average analyst view of "Moderate Buy" with an average price target of $40.00.

Deprince Race & Zollo Inc. increased its stake in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 81.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,338 shares of the company's stock after buying an additional 55,698 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.58% of Five Star Bancorp worth $4,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Five Star Bancorp during the fourth quarter worth about $215,000. SG Americas Securities LLC purchased a new position in shares of Five Star Bancorp during the fourth quarter worth about $171,000. JPMorgan Chase & Co. grew its holdings in shares of Five Star Bancorp by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 25,335 shares of the company's stock worth $816,000 after buying an additional 1,754 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of Five Star Bancorp during the third quarter worth about $241,000. Finally, Quarry LP purchased a new position in shares of Five Star Bancorp during the third quarter worth about $40,000. Hedge funds and other institutional investors own 46.94% of the company's stock.

Insider Transactions at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,200 shares of the firm's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $39.30, for a total value of $47,160.00. Following the completion of the sale, the senior vice president owned 35,272 shares in the company, valued at $1,386,189.60. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James Eugene Beckwith sold 4,000 shares of the firm's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $36.66, for a total transaction of $146,640.00. Following the completion of the sale, the chief executive officer owned 473,014 shares of the company's stock, valued at approximately $17,340,693.24. The trade was a 0.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 21.70% of the stock is owned by company insiders.

Five Star Bancorp Stock Up 0.1%

Shares of NASDAQ:FSBC opened at $40.37 on Tuesday. The company has a market cap of $862.95 million, a P/E ratio of 13.92 and a beta of 0.53. Five Star Bancorp has a 52 week low of $25.07 and a 52 week high of $42.26. The company has a 50-day moving average price of $38.89 and a 200 day moving average price of $36.63.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. The firm had revenue of $40.67 million during the quarter, compared to the consensus estimate of $42.58 million. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.49%. Analysts expect that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were given a $0.25 dividend. The ex-dividend date was Monday, February 2nd. This is an increase from Five Star Bancorp's previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. Five Star Bancorp's payout ratio is 34.48%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FSBC. Keefe, Bruyette & Woods raised their price target on Five Star Bancorp from $40.00 to $41.00 and gave the stock a "market perform" rating in a report on Thursday, January 29th. DA Davidson raised their price target on Five Star Bancorp from $43.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.00.

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.