Deutsche Bank AG Purchases 2,280 Shares of Five Star Bancorp (NASDAQ:FSBC)

Deutsche Bank AG boosted its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 44.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,366 shares of the company’s stock after acquiring an additional 2,280 shares during the quarter. Deutsche Bank AG’s holdings in Five Star Bancorp were worth $222,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in Five Star Bancorp during the fourth quarter worth $60,000. KLP Kapitalforvaltning AS acquired a new position in Five Star Bancorp during the fourth quarter worth $108,000. Intech Investment Management LLC acquired a new position in Five Star Bancorp during the fourth quarter worth $217,000. SG Americas Securities LLC raised its stake 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 acquiring an additional 1,143 shares in the last quarter. Finally, Riverwater Partners LLC acquired a new position in Five Star Bancorp during the fourth quarter worth $243,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Five Star Bancorp news, Director Donna Lucas acquired 2,650 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 21.70% of the company’s stock.

Five Star Bancorp Stock Performance

Shares of NASDAQ:FSBC opened at $27.28 on Tuesday. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $35.13. The firm has a market cap of $581.86 million, a PE ratio of 11.96 and a beta of 0.52. The business has a fifty day moving average of $27.37 and a 200-day moving average of $29.53.

Five Star Bancorp (NASDAQ:FSBC) last issued its 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 return on equity of 12.89% and a net margin of 21.40%. The firm had revenue of $35.34 million for the quarter, compared to analysts’ expectations of $35.27 million. On average, analysts anticipate 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. Shareholders of record on Monday, May 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Monday, May 5th. Five Star Bancorp’s dividend payout ratio (DPR) is currently 35.09%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. DA Davidson dropped their price objective on Five Star Bancorp from $38.50 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Raymond James lowered their target price on Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup restated an “outperform” rating on shares of Five Star Bancorp in a research note on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.