T. Rowe Price Investment Management Inc. Lowers Stock Position in Five Star Bancorp (NASDAQ:FSBC)

T. Rowe Price Investment Management Inc. cut its stake in shares of Five Star Bancorp (NASDAQ:FSBC - Free Report) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,988,396 shares of the company's stock after selling 37,643 shares during the period. T. Rowe Price Investment Management Inc. owned about 9.33% of Five Star Bancorp worth $59,831,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in Five Star Bancorp during the fourth quarter valued at about $108,000. Intech Investment Management LLC purchased a new position in Five Star Bancorp in the 4th quarter worth approximately $217,000. SG Americas Securities LLC boosted 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 worth $218,000 after purchasing an additional 1,143 shares during the period. Riverwater Partners LLC purchased a new stake in Five Star Bancorp during the 4th quarter valued at approximately $243,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Five Star Bancorp during the fourth quarter valued at approximately $259,000. 46.94% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Donna Lucas acquired 2,650 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $28.43 per share, with a total value of $75,339.50. Following the completion of the purchase, the director now directly owns 12,076 shares in the company, valued at approximately $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Eugene Beckwith sold 4,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. Following the transaction, the chief executive officer now directly owns 476,381 shares in the company, valued at approximately $14,410,525.25. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 25.57% of the company's stock.

Five Star Bancorp Stock Down 0.6 %

Five Star Bancorp stock traded down $0.18 during mid-day trading on Thursday, reaching $27.51. 11,975 shares of the company's stock traded hands, compared to its average volume of 54,956. Five Star Bancorp has a 12-month low of $21.72 and a 12-month high of $35.13. The company has a market cap of $586.65 million, a price-to-earnings ratio of 12.10 and a beta of 0.52. The stock has a 50 day moving average of $27.76 and a two-hundred day moving average of $30.03.

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

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, May 5th. Five Star Bancorp's dividend payout ratio (DPR) is 35.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FSBC shares. Stephens restated an "overweight" rating and set a $37.00 target price on shares of Five Star Bancorp in a research report on Tuesday, January 28th. DA Davidson cut their price objective on Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating for the company in a research report on Wednesday. Raymond James decreased their target price on Five Star Bancorp from $35.00 to $31.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods dropped 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.

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.