Dimensional Fund Advisors LP Increases Position in Five Star Bancorp $FSBC

Key Points

• Dimensional Fund Advisors increased its Five Star Bancorp stake by 12% in the first quarter to 321,938 shares, while institutional investors collectively owned 46.94% of the company.
• Company insiders have been net buyers over the past three months, purchasing 142,727 shares worth approximately $6.28 million; insider ownership stands at 21.79%.
• Five Star Bancorp exceeded quarterly earnings expectations, reporting $0.91 EPS versus the $0.86 consensus estimate, and declared a quarterly dividend of $0.25 per share, representing a 2.2% yield. Analyst views remain mixed, with a consensus rating of “Hold” and a $45.20 target price.

Dimensional Fund Advisors LP lifted its holdings in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 12.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 321,938 shares of the company's stock after buying an additional 34,396 shares during the period. Dimensional Fund Advisors LP owned approximately 1.51% of Five Star Bancorp worth $12,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Deprince Race & Zollo Inc. increased its position in Five Star Bancorp by 24.9% in the 1st quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company's stock valued at $5,857,000 after acquiring an additional 30,936 shares during the period. Inspire Investing LLC lifted its position in Five Star Bancorp by 348.0% during the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company's stock worth $2,211,000 after acquiring an additional 45,541 shares during the period. 1492 Capital Management LLC lifted its position in Five Star Bancorp by 33.7% during the 1st quarter. 1492 Capital Management LLC now owns 8,373 shares of the company's stock worth $316,000 after acquiring an additional 2,110 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Five Star Bancorp by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company's stock valued at $72,182,000 after purchasing an additional 18,668 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Five Star Bancorp by 0.9% in the 4th quarter. Invesco Ltd. now owns 337,497 shares of the company's stock valued at $12,076,000 after purchasing an additional 2,850 shares during the last quarter. Hedge funds and other institutional investors own 46.94% of the company's stock.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, Director Shannon Deary-Bell bought 5,682 shares of Five Star Bancorp stock in a transaction on Wednesday, July 22nd. The stock was bought 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 85,244 shares in the company, valued at $3,750,736. The trade was a 7.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Francis Ramos bought 5,682 shares of the firm's stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the transaction, the director directly owned 177,546 shares in the company, valued at approximately $7,812,024. This represents a 3.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 142,727 shares of company stock valued at $6,279,988 and have sold 10,651 shares valued at $440,536. 21.79% of the stock is owned by insiders.

Five Star Bancorp Trading Down 0.8%

Shares of FSBC opened at $46.08 on Friday. The stock's 50 day moving average is $46.61 and its two-hundred day moving average is $42.09. Five Star Bancorp has a twelve month low of $29.31 and a twelve month high of $50.26. The firm has a market capitalization of $985.19 million, a PE ratio of 13.63 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. The business had revenue of $47.95 million during the quarter, compared to the consensus estimate of $47.72 million. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%. On average, sell-side analysts predict that Five Star Bancorp will post 3.5 EPS for the current year.

Five Star Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, August 3rd. Five Star Bancorp's dividend payout ratio is currently 29.59%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FSBC. Stephens set a $51.00 target price on Five Star Bancorp in a report on Monday, July 27th. DA Davidson increased their price target on Five Star Bancorp from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Zacks Research lowered shares of Five Star Bancorp from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a "market perform" rating in a research note on Friday, May 1st. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Five Star Bancorp in a research report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $45.20.

Five Star Bancorp Profile

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.

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