Hotchkis & Wiley Capital Management LLC Makes New Investment in Five Star Bancorp $FSBC

Key Points

• Hotchkis & Wiley Capital Management LLC made a new investment in Five Star Bancorp, acquiring 45,340 shares worth approximately $1,260,000.
• Institutional investors collectively own almost 47% of Five Star Bancorp's stock, with several firms increasing their stakes during the first quarter.
• Five Star Bancorp announced a $0.20 quarterly dividend, providing a yield of 2.4% based on an annualized basis.

Hotchkis & Wiley Capital Management LLC acquired a new position in Five Star Bancorp (NASDAQ:FSBC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 45,340 shares of the company's stock, valued at approximately $1,260,000. Hotchkis & Wiley Capital Management LLC owned about 0.21% of Five Star Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FSBC. Bragg Financial Advisors Inc grew its holdings in shares of Five Star Bancorp by 180.9% during the 1st quarter. Bragg Financial Advisors Inc now owns 71,174 shares of the company's stock valued at $1,979,000 after purchasing an additional 45,837 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Five Star Bancorp during the first quarter valued at approximately $1,233,000. American Century Companies Inc. grew its holdings in shares of Five Star Bancorp by 15.7% in the first quarter. American Century Companies Inc. now owns 302,637 shares of the company's stock worth $8,413,000 after purchasing an additional 41,143 shares during the last quarter. Millennium Management LLC bought a new position in shares of Five Star Bancorp in the fourth quarter worth approximately $862,000. Finally, Vanguard Group Inc. increased its stake 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 worth $23,982,000 after buying an additional 22,505 shares during the period. Institutional investors own 46.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FSBC shares. Citigroup reissued an "outperform" rating on shares of Five Star Bancorp in a research report on Wednesday, April 30th. DA Davidson upped their price objective on shares of Five Star Bancorp from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Keefe, Bruyette & Woods raised their target price on Five Star Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Monday, July 28th. Finally, Raymond James Financial reduced their price target on Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Five Star Bancorp presently has an average rating of "Moderate Buy" and an average price target of $35.00.

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $32.88 on Wednesday. The stock's 50 day simple moving average is $30.02 and its two-hundred day simple moving average is $28.86. The stock has a market cap of $702.65 million, a price-to-earnings ratio of 13.42 and a beta of 0.51. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $35.13.

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

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, August 4th were issued a $0.20 dividend. The ex-dividend date 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 is 32.65%.

Insider Buying and Selling 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 on Friday, August 15th. The stock was sold at an average price of $30.94, for a total transaction of $25,525.50. Following the completion of the transaction, the chief operating officer owned 11,960 shares of the company's stock, valued at approximately $370,042.40. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James Eugene Beckwith sold 6,429 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $27.74, for a total transaction of $178,340.46. Following the completion of the sale, the chief executive officer directly owned 469,952 shares in the company, valued at $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. Insiders have sold 7,854 shares of company stock valued at $220,324 in the last three months. Insiders own 25.57% of the company's stock.

About Five Star Bancorp

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.

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