JPMorgan Chase & Co. Has $1.79 Million Stake in Five Star Bancorp (NASDAQ:FSBC)

JPMorgan Chase & Co. increased its stake in Five Star Bancorp (NASDAQ:FSBC) by 153.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after buying an additional 25,374 shares during the period. Barclays PLC lifted its stake in Five Star Bancorp by 332.1% in the 3rd quarter. Barclays PLC now owns 25,112 shares of the company’s stock valued at $746,000 after acquiring an additional 19,301 shares in the last quarter. State Street Corp boosted its position in Five Star Bancorp by 21.7% during 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 during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 35,783 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Five Star Bancorp by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 840,142 shares of the company’s stock valued at $25,280,000 after purchasing an additional 13,001 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

Wall Street Analysts Forecast Growth

FSBC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Thursday, January 30th. DA Davidson restated a “buy” rating and issued a $38.50 price objective on shares of Five Star Bancorp in a report on Thursday, January 30th. Stephens reiterated an “overweight” rating and set a $37.00 target price on shares of Five Star Bancorp in a report on Tuesday, January 28th. Finally, Raymond James reissued an “outperform” rating and set a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th.

Insider Activity at Five Star Bancorp

In other news, Director Donna Lucas acquired 2,650 shares of Five Star Bancorp stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 completion of the transaction, the chief executive officer now directly owns 476,381 shares in the company, valued at $14,410,525.25. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. 25.57% of the stock is owned by company insiders.

Five Star Bancorp Price Performance

Shares of FSBC stock opened at $27.36 on Friday. The company has a fifty day moving average price of $28.10 and a two-hundred day moving average price of $30.07. Five Star Bancorp has a one year low of $21.37 and a one year high of $35.13. The stock has a market cap of $583.56 million, a P/E ratio of 12.00 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors 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 2.92%. The ex-dividend date of this dividend is Monday, May 5th. Five Star Bancorp’s payout ratio is presently 35.09%.

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.