Nuveen LLC Invests $1.23 Million in Five Star Bancorp $FSBC

Key Points

• Nuveen LLC acquired 44,348 shares of Five Star Bancorp, valued at approximately $1.23 million, representing about 0.21% ownership as per its recent SEC filing.
• Five Star Bancorp reported earnings per share of $0.68 for the last quarter, exceeding the expected $0.65, with a revenue of $38.33 million compared to the consensus estimate of $37.60 million.
• The company recently announced a $0.20 quarterly dividend, translating to an annualized dividend of $0.80 and a yield of 2.4%, with a payout ratio of 32.65%.

Nuveen LLC acquired a new position in Five Star Bancorp (NASDAQ:FSBC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 44,348 shares of the company's stock, valued at approximately $1,233,000. Nuveen LLC owned 0.21% of Five Star Bancorp as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSBC. Invesco Ltd. grew its position in shares of Five Star Bancorp by 4.1% during the 1st quarter. Invesco Ltd. now owns 360,777 shares of the company's stock worth $10,030,000 after buying an additional 14,126 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Five Star Bancorp by 32.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,358 shares of the company's stock worth $316,000 after buying an additional 2,765 shares during the period. Deutsche Bank AG grew its position in shares of Five Star Bancorp by 41.1% during the 1st quarter. Deutsche Bank AG now owns 10,391 shares of the company's stock worth $289,000 after buying an additional 3,025 shares during the period. Vanguard Group Inc. grew its position in shares of Five Star Bancorp by 2.7% during the 1st 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. Finally, XTX Topco Ltd acquired a new position in shares of Five Star Bancorp during the 1st quarter worth about $263,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on FSBC. 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Five Star Bancorp presently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Five Star Bancorp Trading Down 0.8%

Shares of NASDAQ:FSBC traded down $0.26 during trading on Friday, hitting $32.83. 22,442 shares of the company's stock traded hands, compared to its average volume of 29,375. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $35.13. The company has a market cap of $701.58 million, a price-to-earnings ratio of 13.40 and a beta of 0.52. The company has a 50-day moving average price of $30.87 and a 200-day moving average price of $28.96.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released 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. The business had revenue of $38.33 million for the quarter, compared to analysts' expectations 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 fiscal year.

Five Star Bancorp Announces Dividend

The company 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. The ex-dividend date was Monday, August 4th. This represents a $0.80 annualized dividend and a yield of 2.4%. Five Star Bancorp's payout ratio is presently 32.65%.

Insider Activity 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 that occurred on Friday, August 15th. The stock was sold at an average price of $30.94, for a total value of $25,525.50. Following the sale, the chief operating officer owned 11,960 shares in the company, valued at approximately $370,042.40. The trade was a 6.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Eugene Beckwith sold 6,429 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $27.74, for a total value of $178,340.46. Following the completion of the sale, the chief executive officer owned 469,952 shares in the company, valued at $13,036,468.48. The trade was a 1.35% decrease in their position. The disclosure for this sale can be found here. Insiders own 21.70% of the company's stock.

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.