Dynamic Technology Lab Private Ltd Invests $587,000 in Five Star Bancorp $FSBC

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Five Star Bancorp, purchasing 21,111 shares valued at approximately $587,000, representing a 0.10% ownership in the company.
• Analysts have a generally positive outlook for Five Star Bancorp, with an average rating of "Moderate Buy" and a consensus target price of $35.00.
• Five Star Bancorp has recently announced a quarterly dividend of $0.20, resulting in an annualized yield of 2.5% and a payout ratio of 32.65%.

Dynamic Technology Lab Private Ltd bought 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 13F filing with the SEC. The firm bought 21,111 shares of the company's stock, valued at approximately $587,000. Dynamic Technology Lab Private Ltd owned 0.10% of Five Star Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of Five Star Bancorp during the 4th quarter worth approximately $60,000. GAMMA Investing LLC raised its position 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 valued at $63,000 after purchasing an additional 2,225 shares during the last quarter. Public Employees Retirement System of Ohio raised its position 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 valued at $90,000 after purchasing an additional 1,427 shares during the last quarter. AlphaQuest LLC bought a new position in Five Star Bancorp in the 1st quarter valued at $212,000. Finally, Deutsche Bank AG raised its position 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 purchasing an additional 2,280 shares during the last quarter. Institutional investors own 46.94% of the company's stock.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of the business's stock in a transaction dated 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 approximately $370,042.40. The trade was 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 accessible through the SEC website. Insiders own 25.57% of the company's stock.

Five Star Bancorp Stock Down 0.1%

NASDAQ FSBC traded down $0.03 on Monday, reaching $32.79. The company had a trading volume of 16,426 shares, compared to its average volume of 50,879. The stock's 50 day moving average is $31.18 and its 200-day moving average is $28.99. The stock has a market cap of $700.72 million, a price-to-earnings ratio of 13.38 and a beta of 0.52. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $35.13.

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 analysts' consensus estimates of $0.65 by $0.03. The business had revenue of $38.33 million during the quarter, compared to the consensus estimate of $37.60 million. Five Star Bancorp had a return on equity of 12.89% and a net margin of 22.14%. As a group, analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

FSBC has been the subject of a number of recent research reports. DA Davidson boosted their target price on Five Star Bancorp from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods boosted their target price on Five Star Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.