Vanguard Group Inc. Grows Position in Five Star Bancorp $FSBC

Key Points

• Vanguard Group Inc. increased its stake in Five Star Bancorp by 2.7%, acquiring an additional 22,505 shares during the first quarter, totaling 862,647 shares valued at approximately $23.98 million.
• Five Star Bancorp announced a quarterly dividend of $0.20 per share, representing a 2.4% dividend yield, with a payout ratio of 32.65%.
• The company reported earnings of $0.68 per share for the latest quarter, exceeding analysts' expectations by $0.03, and had a return on equity of 12.89% with a net margin of 22.14%.

Vanguard Group Inc. lifted its holdings in Five Star Bancorp (NASDAQ:FSBC - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 862,647 shares of the company's stock after purchasing an additional 22,505 shares during the period. Vanguard Group Inc. owned 4.04% of Five Star Bancorp worth $23,982,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSBC. BNP Paribas Financial Markets acquired a new position in Five Star Bancorp in the fourth quarter worth $60,000. GAMMA Investing LLC increased its holdings in Five Star Bancorp by 8,240.7% during the first quarter. GAMMA Investing LLC now owns 2,252 shares of the company's stock worth $63,000 after buying an additional 2,225 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Five Star Bancorp by 91.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company's stock worth $90,000 after acquiring an additional 1,427 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Five Star Bancorp by 44.8% during the fourth quarter. Deutsche Bank AG now owns 7,366 shares of the company's stock worth $222,000 after purchasing an additional 2,280 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in Five Star Bancorp in the 4th quarter worth about $228,000. 46.94% of the stock is owned by institutional investors.

Five Star Bancorp Price Performance

Shares of FSBC traded down $0.34 during mid-day trading on Tuesday, hitting $32.44. The stock had a trading volume of 7,933 shares, compared to its average volume of 52,302. The firm has a market cap of $693.14 million, a P/E ratio of 13.24 and a beta of 0.52. Five Star Bancorp has a 52 week low of $22.22 and a 52 week high of $35.13. The business has a fifty day moving average price of $30.50 and a 200-day moving average price of $28.89.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. The business had revenue of $38.33 million during 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%. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, August 4th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 4th. Five Star Bancorp's dividend payout ratio (DPR) is 32.65%.

Analyst Upgrades and Downgrades

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

Insider Activity at Five Star Bancorp

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 6,429 shares of the stock in a transaction on Tuesday, June 10th. The shares were 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 owned 469,952 shares of the company's stock, valued at $13,036,468.48. This represents a 1.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Lydia Ann Ramirez-Medina sold 825 shares of the company'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 $370,042.40. This trade represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,854 shares of company stock valued at $220,324 in the last quarter. Corporate 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.