BNP Paribas Financial Markets Takes $60,000 Position in Five Star Bancorp (NASDAQ:FSBC)

BNP Paribas Financial Markets acquired a new position in shares of Five Star Bancorp (NASDAQ:FSBC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,999 shares of the company’s stock, valued at approximately $60,000.

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

Insiders Place Their Bets

In related news, Director Donna Lucas acquired 2,650 shares of Five Star Bancorp stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the transaction, the director now directly owns 12,076 shares in the company, valued at approximately $343,320.68. This represents a 28.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FSBC has been the subject of a number of research reports. Citigroup reissued an “outperform” rating on shares of Five Star Bancorp in a research note on Wednesday, April 30th. Raymond James dropped 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 research report on Wednesday, April 30th. Finally, DA Davidson decreased their price objective 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Five Star Bancorp Price Performance

Shares of Five Star Bancorp stock opened at $27.28 on Tuesday. Five Star Bancorp has a 1 year low of $22.22 and a 1 year high of $35.13. The company has a 50-day moving average of $27.37 and a 200 day moving average of $29.53. The firm has a market cap of $581.86 million, a price-to-earnings ratio of 11.96 and a beta of 0.52.

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, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $35.34 million for the quarter, compared to the consensus estimate of $35.27 million. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. On average, equities 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, May 12th. Investors of record on Monday, May 5th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Monday, May 5th. Five Star Bancorp’s payout ratio is 35.09%.

Five Star Bancorp 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.