Ieq Capital LLC Takes Position in Five Star Bancorp $FSBC

Key Points

• Ieq Capital LLC has invested approximately $432,000 in Five Star Bancorp, acquiring 15,534 shares during the first quarter.
• Several hedge funds have recently increased their stakes in Five Star Bancorp, with 46.94% of the stock now owned by institutional investors.
• Five Star Bancorp reported a quarterly EPS of $0.68, exceeding expectations, and has announced a quarterly dividend of $0.20, yielding 2.4%.

Ieq Capital LLC purchased a new position in Five Star Bancorp (NASDAQ:FSBC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,534 shares of the company's stock, valued at approximately $432,000. Ieq Capital LLC owned approximately 0.07% of Five Star Bancorp at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position 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 purchasing an additional 22,505 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Five Star Bancorp in the fourth quarter worth approximately $862,000. GAMMA Investing LLC lifted its position in shares of Five Star Bancorp by 8,240.7% in the first quarter. GAMMA Investing LLC now owns 2,252 shares of the company's stock worth $63,000 after purchasing an additional 2,225 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Five Star Bancorp in the fourth quarter worth approximately $60,000. Finally, Nuveen LLC purchased a new stake in shares of Five Star Bancorp in the first quarter worth approximately $1,233,000. 46.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Five Star Bancorp

In other news, COO Lydia Ann Ramirez-Medina sold 825 shares of Five Star Bancorp stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $30.94, for a total value of $25,525.50. Following the transaction, the chief operating officer owned 11,960 shares of the company's stock, valued at $370,042.40. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FSBC. Keefe, Bruyette & Woods increased their price target on shares of 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. DA Davidson increased their price target on shares of Five Star Bancorp from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Five Star Bancorp Price Performance

FSBC traded up $0.20 during midday trading on Wednesday, hitting $32.78. 26,744 shares of the company's stock traded hands, compared to its average volume of 28,417. The company has a market cap of $700.51 million, a PE ratio of 13.38 and a beta of 0.52. The stock's fifty day simple moving average is $31.08 and its 200-day simple moving average is $28.99. Five Star Bancorp has a one year low of $22.22 and a one year high of $35.13.

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

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, August 4th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Five Star Bancorp's dividend payout ratio (DPR) is currently 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.