Adage Capital Partners GP L.L.C. Grows Holdings in Five Star Bancorp (NASDAQ:FSBC)

Adage Capital Partners GP L.L.C. boosted its holdings in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,059 shares of the company's stock after purchasing an additional 12,214 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.85% of Five Star Bancorp worth $5,478,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FSBC. MetLife Investment Management LLC boosted its stake in Five Star Bancorp by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 10,030 shares of the company's stock valued at $302,000 after buying an additional 822 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Five Star Bancorp by 9.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 177,091 shares of the company's stock valued at $5,329,000 after purchasing an additional 14,885 shares in the last quarter. Barclays PLC grew its holdings 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 valued at $850,000 after purchasing an additional 3,123 shares during the last quarter. Bragg Financial Advisors Inc acquired a new position in Five Star Bancorp during the 4th quarter worth approximately $762,000. Finally, Invesco Ltd. lifted its stake in Five Star Bancorp by 1.2% in the 4th quarter. Invesco Ltd. now owns 346,651 shares of the company's stock valued at $10,431,000 after purchasing an additional 4,004 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company's stock.

Wall Street Analysts Forecast Growth

FSBC has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Thursday, January 30th. DA Davidson decreased their price target on shares of Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating for the company in a research report on Wednesday. Stephens reissued an "overweight" rating and issued a $37.00 price objective on shares of Five Star Bancorp in a research note on Tuesday, January 28th. Finally, Raymond James lowered their target price on Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating for the company in a research report on Wednesday.

Insider Buying and Selling

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. Following the completion of the sale, the chief executive officer now owns 476,381 shares of the company's stock, valued at approximately $14,410,525.25. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Donna Lucas bought 2,650 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the transaction, the director now directly owns 12,076 shares of the company's stock, valued at $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.70% of the stock is owned by insiders.

Five Star Bancorp Price Performance

Shares of FSBC traded up $0.63 during trading hours on Friday, hitting $28.18. 62,068 shares of the stock were exchanged, compared to its average volume of 55,109. Five Star Bancorp has a fifty-two week low of $21.78 and a fifty-two week high of $35.13. The business has a 50-day moving average of $27.63 and a 200-day moving average of $29.97. The firm has a market capitalization of $601.05 million, a P/E ratio of 12.36 and a beta of 0.52.

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

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. Five Star Bancorp's payout ratio is presently 35.09%.

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.