Mariner LLC Decreases Stock Holdings in Five Star Bancorp (NASDAQ:FSBC)

Mariner LLC cut its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 9.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,880 shares of the company’s stock after selling 1,242 shares during the period. Mariner LLC owned about 0.06% of Five Star Bancorp worth $357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Five Star Bancorp by 12.4% during the 4th quarter. Barclays PLC now owns 28,235 shares of the company’s stock worth $850,000 after purchasing an additional 3,123 shares during the last quarter. Bragg Financial Advisors Inc purchased a new position in shares of Five Star Bancorp in the fourth quarter valued at approximately $762,000. Invesco Ltd. boosted its stake in shares of Five Star Bancorp by 1.2% in the fourth quarter. Invesco Ltd. now owns 346,651 shares of the company’s stock worth $10,431,000 after acquiring an additional 4,004 shares during the last quarter. Riverwater Partners LLC purchased a new stake in shares of Five Star Bancorp during the fourth quarter worth approximately $243,000. Finally, JPMorgan Chase & Co. raised its stake in Five Star Bancorp by 153.1% in the 4th quarter. JPMorgan Chase & Co. now owns 59,456 shares of the company’s stock valued at $1,789,000 after purchasing an additional 35,967 shares during the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FSBC has been the topic of several recent research reports. DA Davidson lowered their target price on shares of Five Star Bancorp from $38.50 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday. Raymond James lowered their price target on shares of Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stephens reiterated an “overweight” rating and issued a $37.00 price objective on shares of Five Star Bancorp in a report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods lowered their target price on 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.

Five Star Bancorp Trading Up 2.3 %

Shares of FSBC opened at $28.18 on Friday. Five Star Bancorp has a 12-month low of $21.78 and a 12-month high of $35.13. The firm has a market capitalization of $601.05 million, a P/E ratio of 12.36 and a beta of 0.52. The firm has a 50-day moving average price of $27.63 and a 200 day moving average price of $29.98.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $35.27 million. Equities research analysts predict that Five Star Bancorp will post 2.63 earnings per share 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. Shareholders of record on Monday, May 5th will be given a $0.20 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Insider Activity

In other news, Director Donna Lucas purchased 2,650 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the purchase, the director now directly owns 12,076 shares of the company’s stock, valued at approximately $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction 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 sale, the chief executive officer now directly owns 476,381 shares of the company’s stock, valued at $14,410,525.25. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.70% of the company’s stock.

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.