9,444 Shares in Five Star Bancorp (NASDAQ:FSBC) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 9,444 shares of Five Star Bancorp, valued at approximately $263,000, as per its recent SEC filing.
• Brokerages have mixed ratings on Five Star Bancorp, with one holding and four buy ratings; the stock has a consensus price target of $35.00.
• The company recently announced a quarterly dividend of $0.20 per share, resulting in an annualized yield of 2.7%.

XTX Topco Ltd purchased a new stake in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 9,444 shares of the company's stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FSBC. Vanguard Group Inc. increased its stake in shares of Five Star Bancorp by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 840,142 shares of the company's stock worth $25,280,000 after purchasing an additional 13,001 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Five Star Bancorp by 153.1% during the 4th quarter. JPMorgan Chase & Co. now owns 59,456 shares of the company's stock worth $1,789,000 after purchasing an additional 35,967 shares in the last quarter. Invesco Ltd. increased its stake in shares of Five Star Bancorp by 1.2% during the 4th quarter. Invesco Ltd. now owns 346,651 shares of the company's stock worth $10,431,000 after purchasing an additional 4,004 shares in the last quarter. Bragg Financial Advisors Inc purchased a new position in shares of Five Star Bancorp during the 4th quarter worth approximately $762,000. Finally, Barclays PLC increased its stake in shares of Five Star Bancorp by 12.4% during the 4th quarter. Barclays PLC now owns 28,235 shares of the company's stock worth $850,000 after purchasing an additional 3,123 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO James Eugene Beckwith sold 6,429 shares of the business's 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 directly owned 469,952 shares of the company's stock, valued at $13,036,468.48. The trade was a 1.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 21.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. DA Davidson raised their price objective on shares of Five Star Bancorp from $37.00 to $39.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Keefe, Bruyette & Woods lifted their target price on shares of Five Star Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Monday, July 28th. Raymond James Financial lowered their target price on shares of Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Five Star Bancorp in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Five Star Bancorp Price Performance

FSBC stock traded down $0.59 during midday trading on Friday, hitting $30.79. The stock had a trading volume of 23,746 shares, compared to its average volume of 37,866. The firm has a market cap of $657.98 million, a PE ratio of 12.57 and a beta of 0.51. Five Star Bancorp has a 12-month low of $22.22 and a 12-month high of $35.13. The company's 50-day moving average price is $29.42 and its 200 day moving average price is $28.79.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last released 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. 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 during the quarter, compared to analysts' expectations of $37.60 million. As a group, sell-side analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

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. The ex-dividend date of this dividend was Monday, August 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Five Star Bancorp's payout ratio 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.