Squarepoint Ops LLC Makes New $1.99 Million Investment in Five Star Bancorp $FSBC

Key Points

• Squarepoint Ops LLC acquired 40,949 shares of Five Star Bancorp worth approximately $1.99 million, while institutional investors and hedge funds collectively owned 46.94% of the company.
• Company insiders bought 142,727 shares worth nearly $6.28 million over the past 90 days, including substantial purchases by directors Larry Allbaugh and Robert Perry-Smith.
• Five Star Bancorp reported quarterly EPS of $0.91, beating estimates by $0.05, and maintains a “Moderate Buy” analyst consensus with an average price target of $45.20; its quarterly dividend is $0.25 per share.

Squarepoint Ops LLC bought a new position in Five Star Bancorp (NASDAQ:FSBC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,949 shares of the company's stock, valued at approximately $1,994,000. Squarepoint Ops LLC owned about 0.17% of Five Star Bancorp at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of Five Star Bancorp by 11,429.8% during the 2nd quarter. California State Teachers Retirement System now owns 1,579,358 shares of the company's stock valued at $76,899,000 after purchasing an additional 1,565,660 shares during the last quarter. Davis Asset Management L.P. acquired a new stake in Five Star Bancorp in the second quarter valued at approximately $73,595,000. BlackRock Inc. acquired a new stake in Five Star Bancorp in the second quarter valued at approximately $64,816,000. Kennedy Capital Management LLC grew its stake in shares of Five Star Bancorp by 14.8% during the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company's stock worth $15,701,000 after buying an additional 56,412 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Five Star Bancorp by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company's stock worth $12,143,000 after buying an additional 34,396 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Five Star Bancorp

In related news, Director Larry Allbaugh purchased 96,591 shares of the firm's stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average price of $44.00 per share, with a total value of $4,250,004.00. Following the completion of the purchase, the director owned 1,101,687 shares in the company, valued at approximately $48,474,228. This represents a 9.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Perry-Smith acquired 31,363 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average price of $44.00 per share, with a total value of $1,379,972.00. Following the completion of the transaction, the director directly owned 258,898 shares of the company's stock, valued at $11,391,512. The trade was a 13.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 142,727 shares of company stock worth $6,279,988 over the last 90 days. Company insiders own 21.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stephens set a $51.00 price target on Five Star Bancorp in a research note on Monday, July 27th. Weiss Ratings upgraded Five Star Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Tuesday, August 11th. Zacks Research raised Five Star Bancorp from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. Finally, DA Davidson increased their target price on Five Star Bancorp from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $45.20.

Five Star Bancorp Price Performance

FSBC opened at $45.99 on Tuesday. Five Star Bancorp has a fifty-two week low of $30.68 and a fifty-two week high of $50.26. The company's 50 day moving average price is $46.89 and its two-hundred day moving average price is $43.24. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 13.61 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $47.95 million during the quarter, compared to the consensus estimate of $47.72 million. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%. As a group, equities research analysts predict that Five Star Bancorp will post 3.52 EPS for the current year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 3rd. Five Star Bancorp's dividend payout ratio (DPR) is currently 29.59%.

Five Star Bancorp Profile

Five Star Bancorp is a bank holding company headquartered in Sacramento, California. Its principal subsidiary, Five Star Bank, is a community bank that provides financial products and services to businesses, professionals, nonprofit organizations, real estate investors and individual customers.

Five Star Bank offers commercial and industrial lending, commercial real estate and construction loans, Small Business Administration lending, residential real estate financing and consumer loans.

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