JPMorgan Chase & Co. Buys 35,967 Shares of Five Star Bancorp (NASDAQ:FSBC)

JPMorgan Chase & Co. raised its stake in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 153.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 59,456 shares of the company's stock after purchasing an additional 35,967 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of Five Star Bancorp worth $1,789,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company's stock worth $11,094,000 after acquiring an additional 66,602 shares in the last quarter. Barclays PLC boosted its holdings in Five Star Bancorp by 332.1% during the third quarter. Barclays PLC now owns 25,112 shares of the company's stock worth $746,000 after purchasing an additional 19,301 shares during the last quarter. Geode Capital Management LLC grew its position in Five Star Bancorp by 7.2% in the 3rd 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 in the last quarter. SG Americas Securities LLC increased its stake in Five Star Bancorp by 18.7% in the 4th quarter. SG Americas Securities LLC now owns 7,261 shares of the company's stock valued at $218,000 after buying an additional 1,143 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Five Star Bancorp by 47.0% in the 4th quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company's stock valued at $3,365,000 after buying an additional 35,783 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FSBC shares. DA Davidson lowered 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. Raymond James lowered their price target on shares of Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday. Stephens reissued an "overweight" rating and issued a $37.00 target price on shares of Five Star Bancorp in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods cut their price target on Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Thursday, January 30th.

Five Star Bancorp Stock Down 0.1 %

Shares of FSBC stock traded down $0.02 during trading hours on Wednesday, hitting $27.68. 63,306 shares of the company's stock traded hands, compared to its average volume of 55,123. Five Star Bancorp has a 12-month low of $21.72 and a 12-month high of $35.13. The stock has a market cap of $590.39 million, a price-to-earnings ratio of 12.14 and a beta of 0.52. The stock's fifty day simple moving average is $27.76 and its two-hundred day simple moving average is $30.03.

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

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, May 5th. Five Star Bancorp's payout ratio is currently 35.09%.

Insiders Place Their Bets

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 4,000 shares of the company'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 transaction, the chief executive officer now directly owns 476,381 shares in the company, valued at $14,410,525.25. This represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Donna Lucas bought 2,650 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $28.43 per share, with a total value of $75,339.50. Following the transaction, the director now owns 12,076 shares of the company's stock, valued at $343,320.68. The trade was a 28.11 % increase in their position. The disclosure for this purchase can be found here. 25.57% of the stock is owned by insiders.

Five Star Bancorp Company 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.