Five Star Bancorp $FSBC Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its position in shares of Five Star Bancorp (NASDAQ:FSBC) by 80.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,320 shares of the company’s stock after selling 14,063 shares during the quarter. AlphaQuest LLC’s holdings in Five Star Bancorp were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. increased its holdings in Five Star Bancorp by 26.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 293,249 shares of the company’s stock valued at $8,369,000 after buying an additional 60,584 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of Five Star Bancorp by 278.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 68,640 shares of the company’s stock worth $2,210,000 after acquiring an additional 50,486 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of Five Star Bancorp by 69.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 81,335 shares of the company’s stock valued at $2,321,000 after acquiring an additional 33,350 shares during the period. Jane Street Group LLC purchased a new position in shares of Five Star Bancorp in the 1st quarter valued at about $889,000. Finally, American Century Companies Inc. raised its holdings in Five Star Bancorp by 9.9% in the 2nd quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock worth $9,492,000 after purchasing an additional 29,943 shares during the period. 46.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Stephens lowered Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective on the stock. in a report on Monday, November 10th. Raymond James Financial reiterated 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a report on Thursday, January 22nd. DA Davidson increased their price objective on shares of Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Five Star Bancorp from $40.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Five Star Bancorp Stock Up 0.3%

Shares of NASDAQ:FSBC opened at $40.54 on Friday. Five Star Bancorp has a 52-week low of $22.22 and a 52-week high of $42.26. The stock has a market cap of $866.75 million, a P/E ratio of 13.98 and a beta of 0.52. The business has a fifty day moving average of $37.92 and a two-hundred day moving average of $34.68.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. Five Star Bancorp had a return on equity of 14.73% and a net margin of 24.11%.The business had revenue of $40.67 million for the quarter, compared to analyst estimates of $42.58 million. On average, equities analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, February 2nd. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. Five Star Bancorp’s dividend payout ratio (DPR) is presently 34.48%.

About Five Star Bancorp

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.