Five Star Bancorp $FSBC Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Five Star Bancorp (NASDAQ:FSBC) by 9.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 332,580 shares of the company’s stock after purchasing an additional 29,943 shares during the period. American Century Companies Inc. owned about 1.56% of Five Star Bancorp worth $9,492,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in Five Star Bancorp during the first quarter worth approximately $263,000. Vanguard Group Inc. grew its position in shares of Five Star Bancorp by 2.7% during the first quarter. Vanguard Group Inc. now owns 862,647 shares of the company’s stock worth $23,982,000 after acquiring an additional 22,505 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Five Star Bancorp by 41.1% in the 1st quarter. Deutsche Bank AG now owns 10,391 shares of the company’s stock valued at $289,000 after acquiring an additional 3,025 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Five Star Bancorp by 32.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,358 shares of the company’s stock valued at $316,000 after purchasing an additional 2,765 shares during the last quarter. Finally, Invesco Ltd. raised its position in Five Star Bancorp by 4.1% in the 1st quarter. Invesco Ltd. now owns 360,777 shares of the company’s stock valued at $10,030,000 after purchasing an additional 14,126 shares during the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Price Performance

Five Star Bancorp stock opened at $35.01 on Friday. The stock’s 50 day moving average price is $33.85 and its 200 day moving average price is $31.45. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $37.74. The company has a market cap of $748.16 million, a PE ratio of 12.97 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, October 27th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. Five Star Bancorp had a return on equity of 13.88% and a net margin of 23.18%.The company had revenue of $41.31 million during the quarter, compared to the consensus estimate of $40.34 million. During the same quarter last year, the company earned $0.52 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Five Star Bancorp’s payout ratio is currently 29.63%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FSBC shares. Keefe, Bruyette & Woods raised their price objective on shares of Five Star Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Stephens lowered Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a report on Monday, November 10th. Janney Montgomery Scott started coverage on Five Star Bancorp in a research report on Friday, October 10th. They issued a “buy” rating and a $37.00 price target on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $40.00 price objective (up from $34.00) on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Finally, DA Davidson set a $43.00 target price on Five Star Bancorp in a research note on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.40.

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.