Five Star Bancorp (NASDAQ:FSBC) Stock Position Trimmed by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in Five Star Bancorp (NASDAQ:FSBC - Free Report) by 64.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,789 shares of the company's stock after selling 17,869 shares during the quarter. Wells Fargo & Company MN's holdings in Five Star Bancorp were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FSBC. American Century Companies Inc. grew its position in Five Star Bancorp by 31.1% during the 4th quarter. American Century Companies Inc. now owns 261,494 shares of the company's stock worth $7,868,000 after purchasing an additional 62,041 shares during the last quarter. JPMorgan Chase & Co. grew its position in 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 during the last quarter. Bank of New York Mellon Corp grew its position in Five Star Bancorp by 47.0% during the 4th quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company's stock worth $3,365,000 after purchasing an additional 35,783 shares during the last quarter. Barclays PLC grew its position in Five Star Bancorp by 332.1% during the 3rd 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. Finally, Vanguard Group Inc. grew its position in 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 during the last quarter. Hedge funds and other institutional investors own 46.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FSBC. Stephens restated an "overweight" rating and issued a $37.00 target price on shares of Five Star Bancorp in a research note on Tuesday, January 28th. DA Davidson decreased their price objective on shares of Five Star Bancorp from $38.50 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price objective on shares of Five Star Bancorp from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Thursday, January 30th. Citigroup reissued an "outperform" rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. Finally, Raymond James decreased their price objective 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, April 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Five Star Bancorp Stock Up 4.6%

Shares of NASDAQ:FSBC traded up $1.31 during trading on Monday, reaching $29.63. The stock had a trading volume of 5,903 shares, compared to its average volume of 55,222. The business has a fifty day moving average price of $27.41 and a 200-day moving average price of $29.89. The stock has a market cap of $631.98 million, a P/E ratio of 13.10 and a beta of 0.52. Five Star Bancorp has a fifty-two week low of $22.18 and a fifty-two week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC - Get Free Report) last posted 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. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. The business had revenue of $35.34 million during the quarter, compared to analyst estimates of $35.27 million. As a group, equities analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be issued a $0.20 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.80 annualized dividend and a yield of 2.70%. Five Star Bancorp's payout ratio is 35.09%.

Insider Transactions at Five Star Bancorp

In related news, Director Donna Lucas acquired 2,650 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $28.43 per share, with a total value of $75,339.50. Following the acquisition, the director now directly owns 12,076 shares in the company, valued at approximately $343,320.68. The trade was a 28.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Eugene Beckwith sold 4,000 shares of the firm's 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 transaction, the chief executive officer now directly owns 476,381 shares of the company's stock, valued at approximately $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. Company insiders own 21.70% of the company's stock.

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.