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 bought a new position in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSBC. Dimensional Fund Advisors LP lifted its holdings in Five Star Bancorp by 9.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 177,091 shares of the company's stock worth $5,329,000 after acquiring an additional 14,885 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Five Star Bancorp by 8.9% in the 4th quarter. MetLife Investment Management LLC now owns 10,030 shares of the company's stock valued at $302,000 after purchasing an additional 822 shares during the period. Northern Trust Corp raised its stake in shares of Five Star Bancorp by 1.5% in the 4th quarter. Northern Trust Corp now owns 152,401 shares of the company's stock valued at $4,586,000 after purchasing an additional 2,324 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Five Star Bancorp in the 4th quarter valued at about $260,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Five Star Bancorp in the 4th quarter valued at about $60,000. 46.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on FSBC. Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $32.00 to $33.00 and gave the company a "market perform" rating in a research note on Monday, July 28th. DA Davidson lifted their target price on Five Star Bancorp from $37.00 to $39.00 and gave the company 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Five Star Bancorp Stock Down 1.3%

Shares of NASDAQ:FSBC traded down $0.43 during midday trading on Tuesday, reaching $32.54. The company had a trading volume of 15,738 shares, compared to its average volume of 51,463. The business's 50 day moving average price is $30.96 and its 200 day moving average price is $28.93. The stock has a market cap of $695.27 million, a PE ratio of 13.31 and a beta of 0.52. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $35.13.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.03. The firm had revenue of $38.33 million for 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%. On average, research analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 4th. Five Star Bancorp's payout ratio is 32.65%.

Insiders Place Their Bets

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer owned 11,960 shares of the company's stock, valued at $370,042.40. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.57% of the stock is currently owned by company insiders.

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.