Five Star Bancorp (NASDAQ:FSBC) Shares Bought by Invesco Ltd.

Invesco Ltd. raised its holdings in Five Star Bancorp (NASDAQ:FSBC) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 346,651 shares of the company’s stock after buying an additional 4,004 shares during the quarter. Invesco Ltd. owned about 1.63% of Five Star Bancorp worth $10,431,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new position in shares of Five Star Bancorp in the 4th quarter valued at approximately $108,000. Intech Investment Management LLC purchased a new position in shares of Five Star Bancorp in the fourth quarter worth $217,000. SG Americas Securities LLC raised its holdings in shares of Five Star Bancorp by 18.7% in the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock worth $218,000 after buying an additional 1,143 shares during the last quarter. Riverwater Partners LLC acquired a new stake in shares of Five Star Bancorp during the fourth quarter worth $243,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Five Star Bancorp in the 4th quarter valued at $259,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

Insider Activity

In other news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction that occurred 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 owns 476,381 shares in the company, valued at $14,410,525.25. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donna Lucas purchased 2,650 shares of the business’s stock in a transaction that occurred 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 owns 12,076 shares in the company, valued at $343,320.68. This represents a 28.11 % increase in their position. The disclosure for this purchase can be found here. Insiders own 25.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FSBC shares. DA Davidson reaffirmed a “buy” rating and set a $38.50 price target on shares of Five Star Bancorp in a research report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their target price on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Stephens reiterated an “overweight” rating and issued a $37.00 price target on shares of Five Star Bancorp in a report on Tuesday, January 28th. Finally, Raymond James restated an “outperform” rating and set a $35.00 price objective (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th.

Five Star Bancorp Stock Up 2.8 %

Shares of FSBC opened at $27.00 on Wednesday. The stock’s 50-day moving average price is $28.26 and its 200-day moving average price is $30.10. The company has a market capitalization of $575.88 million, a price-to-earnings ratio of 11.84 and a beta of 0.52. Five Star Bancorp has a 52 week low of $21.37 and a 52 week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. As a group, equities analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Monday, May 5th. Five Star Bancorp’s payout ratio is currently 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.