Squarepoint Ops LLC Takes $228,000 Position in Five Star Bancorp (NASDAQ:FSBC)

Squarepoint Ops LLC acquired a new stake in Five Star Bancorp (NASDAQ:FSBC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,591 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new position in Five Star Bancorp in the 4th quarter valued at $862,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Five Star Bancorp by 6.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,514 shares of the company’s stock valued at $286,000 after acquiring an additional 564 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Five Star Bancorp by 43.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,661 shares of the company’s stock valued at $501,000 after acquiring an additional 5,022 shares in the last quarter. Deutsche Bank AG grew its position in shares of Five Star Bancorp by 44.8% during the 4th quarter. Deutsche Bank AG now owns 7,366 shares of the company’s stock worth $222,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Five Star Bancorp by 22.5% during the 4th quarter. Bank of America Corp DE now owns 21,448 shares of the company’s stock worth $645,000 after purchasing an additional 3,938 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Stock Up 2.3%

NASDAQ:FSBC opened at $27.82 on Friday. The stock’s 50-day simple moving average is $27.34 and its 200 day simple moving average is $29.42. The firm has a market capitalization of $593.37 million, a PE ratio of 12.20 and a beta of 0.51. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.62 earnings per share for the quarter, beating 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 company had revenue of $35.34 million for the quarter, compared to the consensus estimate 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 given a $0.20 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. Five Star Bancorp’s dividend payout ratio is currently 35.09%.

Insider Buying and Selling at Five Star Bancorp

In other news, Director Donna Lucas purchased 2,650 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $28.43 per share, with a total value of $75,339.50. Following the completion of the purchase, the director now owns 12,076 shares of the company’s stock, valued at $343,320.68. This trade represents a 28.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 21.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on FSBC. Citigroup reissued an “outperform” rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. Raymond James reduced their target price on Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, DA Davidson reduced their price objective 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, April 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Five Star Bancorp has a consensus rating of “Moderate Buy” and an average target price 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.