Creative Planning Invests $499,000 in Five Star Bancorp $FSBC

Creative Planning bought a new position in Five Star Bancorp (NASDAQ:FSBC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,494 shares of the company’s stock, valued at approximately $499,000. Creative Planning owned approximately 0.08% of Five Star Bancorp at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Five Star Bancorp by 2.7% during the 1st 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 in the last quarter. Nuveen LLC bought a new stake in Five Star Bancorp in the first quarter worth $1,233,000. Adage Capital Partners GP L.L.C. increased its position in Five Star Bancorp by 27.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 232,665 shares of the company’s stock worth $6,468,000 after purchasing an additional 50,606 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Five Star Bancorp during the first quarter valued at $587,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Five Star Bancorp during the first quarter valued at $1,260,000. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Price Performance

FSBC stock opened at $34.69 on Friday. The company has a market capitalization of $741.33 million, a PE ratio of 12.85 and a beta of 0.52. Five Star Bancorp has a 12 month low of $22.22 and a 12 month high of $37.74. The firm’s 50-day moving average is $33.89 and its 200 day moving average is $31.48.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The company had revenue of $41.31 million during the quarter, compared to analysts’ expectations of $40.34 million. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%. During the same period in the previous year, the company earned $0.52 EPS. Sell-side analysts forecast that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, November 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is presently 29.63%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FSBC. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a report on Wednesday, October 8th. Stephens lowered Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target for the company. in a research report on Monday, November 10th. Raymond James Financial restated an “outperform” rating and set a $40.00 price objective (up from $34.00) on shares of Five Star Bancorp in a research report on Wednesday, October 29th. DA Davidson set a $43.00 price objective on Five Star Bancorp in a research note on Wednesday, October 29th. Finally, Janney Montgomery Scott initiated coverage on Five Star Bancorp in a research report on Friday, October 10th. They set a “buy” rating and a $37.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

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.