Invesco Ltd. Raises Holdings in Five Star Bancorp $FSBC

Key Points

• Invesco Ltd. increased its stake in Five Star Bancorp by 4.1% during the first quarter, owning approximately 1.69% of the company worth $10.03 million following the acquisition of 14,126 shares.
• Analysts have mixed views on Five Star Bancorp, with one firm raising its target price to $39.00 and others adjusting prices between $31.00 and $33.00, resulting in a consensus rating of "Moderate Buy".
• The company recently announced a quarterly dividend of $0.20 per share, reflecting an annualized dividend yield of 2.5% and a payout ratio of 32.65% as of August 11th.

Invesco Ltd. raised its holdings in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,777 shares of the company's stock after purchasing an additional 14,126 shares during the quarter. Invesco Ltd. owned 1.69% of Five Star Bancorp worth $10,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FSBC. Millennium Management LLC bought a new stake in shares of Five Star Bancorp during the fourth quarter worth $862,000. Vanguard Group Inc. raised its holdings 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 acquiring an additional 22,505 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Five Star Bancorp by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 177,091 shares of the company's stock valued at $5,329,000 after acquiring an additional 14,885 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Five Star Bancorp by 7.2% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 182,059 shares of the company's stock valued at $5,478,000 after acquiring an additional 12,214 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Five Star Bancorp in the first quarter valued at about $263,000. 46.94% of the stock is currently owned by institutional investors.

Insider Activity

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $30.94, for a total transaction of $25,525.50. Following the completion of the sale, the chief operating officer directly owned 11,960 shares of the company's stock, valued at approximately $370,042.40. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO James Eugene Beckwith sold 6,429 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $27.74, for a total transaction of $178,340.46. Following the sale, the chief executive officer directly owned 469,952 shares of the company's stock, valued at approximately $13,036,468.48. The trade was 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 valued at $220,324. Insiders own 21.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSBC. Keefe, Bruyette & Woods lifted their price objective 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. DA Davidson lifted their price objective on Five Star Bancorp from $37.00 to $39.00 and gave the company a "buy" rating in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Five Star Bancorp Price Performance

Shares of FSBC stock traded down $0.04 during mid-day trading on Friday, hitting $32.77. 35,148 shares of the stock traded hands, compared to its average volume of 34,995. The stock has a market cap of $700.29 million, a P/E ratio of 13.38 and a beta of 0.51. The stock's fifty day moving average is $30.40 and its two-hundred day moving average is $28.90. 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 results on Wednesday, July 23rd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. The business had revenue of $38.33 million during the quarter, compared to analyst estimates of $37.60 million. Five Star Bancorp had a net margin of 22.14% and a return on equity of 12.89%. As a group, equities analysts forecast that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

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

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.