Renaissance Technologies LLC Cuts Stock Position in Five Star Bancorp (NASDAQ:FSBC)

Renaissance Technologies LLC cut its stake in Five Star Bancorp (NASDAQ:FSBC - Free Report) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,197 shares of the company's stock after selling 18,556 shares during the quarter. Renaissance Technologies LLC owned about 0.20% of Five Star Bancorp worth $1,270,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its stake in Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company's stock worth $11,221,000 after purchasing an additional 25,374 shares during the period. Barclays PLC lifted its holdings in Five Star Bancorp by 332.1% in the third quarter. Barclays PLC now owns 25,112 shares of the company's stock valued at $746,000 after acquiring an additional 19,301 shares during the last quarter. JPMorgan Chase & Co. grew its position in Five Star Bancorp by 81.5% in the third quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company's stock worth $698,000 after acquiring an additional 10,547 shares during the period. Bank of New York Mellon Corp increased its stake in Five Star Bancorp by 47.0% during the fourth quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company's stock worth $3,365,000 after acquiring an additional 35,783 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Five Star Bancorp by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 840,142 shares of the company's stock valued at $25,280,000 after purchasing an additional 13,001 shares during the period. Hedge funds and other institutional investors own 46.94% of the company's stock.

Wall Street Analysts Forecast Growth

FSBC has been the topic of several research analyst reports. Stephens restated an "overweight" rating and issued a $37.00 price objective on shares of Five Star Bancorp in a report on Tuesday, January 28th. Keefe, Bruyette & Woods cut their target price on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating on the stock in a research report on Thursday, January 30th. Raymond James dropped their price objective on 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, DA Davidson decreased their target price on Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th.

Five Star Bancorp Price Performance

Shares of Five Star Bancorp stock traded down $0.05 on Monday, reaching $27.94. 3,127 shares of the company were exchanged, compared to its average volume of 54,901. The stock's 50 day moving average price is $27.63 and its 200-day moving average price is $29.97. Five Star Bancorp has a 1-year low of $21.78 and a 1-year high of $35.13. The company has a market cap of $595.83 million, a P/E ratio of 12.25 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. The company had revenue of $35.34 million for the quarter, compared to the consensus estimate of $35.27 million. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. On average, research analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Monday, May 5th. Five Star Bancorp's dividend payout ratio is presently 35.09%.

Insider Transactions at Five Star Bancorp

In related news, Director Donna Lucas bought 2,650 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the acquisition, the director now owns 12,076 shares in the company, valued at approximately $343,320.68. This represents a 28.11 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction on Friday, February 28th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.00. Following the sale, the chief executive officer now owns 476,381 shares in the company, valued at $14,410,525.25. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.70% 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.