MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $286,000 Stake in Five Star Bancorp (NASDAQ:FSBC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Five Star Bancorp (NASDAQ:FSBC) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,514 shares of the company’s stock after buying an additional 564 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Five Star Bancorp were worth $286,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. MetLife Investment Management LLC increased its position in Five Star Bancorp by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 10,030 shares of the company’s stock worth $302,000 after buying an additional 822 shares during the last quarter. SG Americas Securities LLC increased its position in Five Star Bancorp by 18.7% during 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. PDT Partners LLC increased its position in Five Star Bancorp by 22.4% during the fourth quarter. PDT Partners LLC now owns 10,049 shares of the company’s stock worth $302,000 after buying an additional 1,840 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Five Star Bancorp during the fourth quarter worth $60,000. Finally, Deutsche Bank AG increased its position in Five Star Bancorp by 44.8% during the fourth quarter. Deutsche Bank AG now owns 7,366 shares of the company’s stock worth $222,000 after buying an additional 2,280 shares during the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Price Performance

FSBC stock opened at $27.85 on Friday. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $35.13. The company has a 50-day moving average of $27.40 and a two-hundred day moving average of $29.60. The stock has a market capitalization of $594.01 million, a price-to-earnings ratio of 12.21 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, April 28th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $35.27 million. Equities analysts expect that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, May 5th. Five Star Bancorp’s payout ratio is presently 35.09%.

Insider Activity at Five Star Bancorp

In related news, Director Donna Lucas bought 2,650 shares of Five Star Bancorp stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the purchase, the director now owns 12,076 shares in the company, valued at approximately $343,320.68. This represents a 28.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FSBC shares. DA Davidson decreased their price target on shares of Five Star Bancorp from $38.50 to $37.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Citigroup restated an “outperform” rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. Finally, Raymond James decreased their price target on shares of Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

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.