Russell Investments Group Ltd. trimmed its position in shares of Five Star Bancorp (NASDAQ:FSBC – Free Report) by 29.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,389 shares of the company’s stock after selling 5,101 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Five Star Bancorp worth $264,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. UBS Group AG grew its stake in Five Star Bancorp by 967.0% during the third quarter. UBS Group AG now owns 939 shares of the company’s stock worth $27,000 after buying an additional 851 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Five Star Bancorp during the first quarter worth about $28,000. Tower Research Capital LLC TRC grew its stake in Five Star Bancorp by 67.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,346 shares of the company’s stock worth $39,000 after buying an additional 541 shares during the last quarter. Barclays PLC grew its stake in Five Star Bancorp by 533.0% during the fourth quarter. Barclays PLC now owns 3,380 shares of the company’s stock worth $92,000 after buying an additional 2,846 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC bought a new stake in Five Star Bancorp during the third quarter worth about $108,000. 42.30% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Stephens reissued an “overweight” rating and set a $25.00 price target on shares of Five Star Bancorp in a research note on Tuesday, July 25th.
Five Star Bancorp Price Performance
FSBC opened at $22.17 on Tuesday. Five Star Bancorp has a one year low of $17.74 and a one year high of $31.35. The company’s 50 day simple moving average is $22.95 and its 200-day simple moving average is $22.11. The stock has a market capitalization of $382.65 million, a P/E ratio of 7.49 and a beta of 0.12.
Five Star Bancorp (NASDAQ:FSBC – Get Free Report) last released its quarterly earnings results on Monday, July 24th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. Five Star Bancorp had a net margin of 31.92% and a return on equity of 19.92%. The business had revenue of $30.40 million for the quarter. As a group, analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current year.
Five Star Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.80 annualized dividend and a yield of 3.61%. Five Star Bancorp’s dividend payout ratio is currently 27.03%.
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, noninterest-bearing and interest checking accounts, savings accounts, and time deposits.
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