Deprince Race & Zollo Inc. Has $2.21 Million Position in Five Star Bancorp $FSBC

Deprince Race & Zollo Inc. lifted its holdings in shares of Five Star Bancorp (NASDAQ:FSBC) by 278.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 68,640 shares of the company’s stock after purchasing an additional 50,486 shares during the period. Deprince Race & Zollo Inc. owned 0.32% of Five Star Bancorp worth $2,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Nuveen LLC acquired a new position in Five Star Bancorp during the 1st quarter worth about $1,233,000. AlphaQuest LLC bought a new position in shares of Five Star Bancorp in the first quarter worth about $212,000. Ieq Capital LLC acquired a new position in shares of Five Star Bancorp during the first quarter worth approximately $432,000. PDT Partners LLC lifted its position in shares of Five Star Bancorp by 29.8% during the first quarter. PDT Partners LLC now owns 13,048 shares of the company’s stock worth $363,000 after purchasing an additional 2,999 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of Five Star Bancorp by 27.8% during the first quarter. Adage Capital Partners GP L.L.C. now owns 232,665 shares of the company’s stock valued at $6,468,000 after purchasing an additional 50,606 shares during the last quarter. 46.94% of the stock is owned by institutional investors.

Five Star Bancorp Trading Down 0.4%

NASDAQ FSBC opened at $36.53 on Monday. Five Star Bancorp has a 12 month low of $22.22 and a 12 month high of $38.86. The stock has a 50-day simple moving average of $35.37 and a 200 day simple moving average of $32.49. The company has a market capitalization of $780.65 million, a PE ratio of 13.53 and a beta of 0.52.

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

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were issued a $0.20 dividend. The ex-dividend date was Monday, November 3rd. This represents a $0.80 annualized dividend and a yield of 2.2%. Five Star Bancorp’s dividend payout ratio (DPR) is 29.63%.

Analysts Set New Price Targets

Several research analysts recently weighed in on FSBC shares. Stephens cut shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a research report on Monday, November 10th. Raymond James Financial restated an “outperform” rating and set a $40.00 target price (up previously from $34.00) on shares of Five Star Bancorp in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods raised their price target on Five Star Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a report on Wednesday, October 8th. Finally, DA Davidson set a $43.00 target price on shares of Five Star Bancorp in a research report on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.40.

Five Star Bancorp Profile

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.