SG Americas Securities LLC Makes New Investment in Five Star Bancorp (NASDAQ:FSBC)

SG Americas Securities LLC bought a new position in Five Star Bancorp (NASDAQ:FSBC) in the 3rd quarter, Holdings Channel reports. The firm bought 6,118 shares of the company’s stock, valued at approximately $182,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FSBC. Interval Partners LP purchased a new stake in Five Star Bancorp in the first quarter worth about $450,000. Kennedy Capital Management LLC increased its holdings in Five Star Bancorp by 364.2% during the first quarter. Kennedy Capital Management LLC now owns 190,449 shares of the company’s stock valued at $4,285,000 after buying an additional 149,424 shares during the period. Vanguard Group Inc. raised its stake in Five Star Bancorp by 31.9% in the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock worth $16,064,000 after buying an additional 172,507 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Five Star Bancorp by 42.3% during the first quarter. Pacific Ridge Capital Partners LLC now owns 310,479 shares of the company’s stock worth $6,986,000 after buying an additional 92,260 shares during the period. Finally, American Century Companies Inc. boosted its position in Five Star Bancorp by 116.5% during the 2nd quarter. American Century Companies Inc. now owns 111,711 shares of the company’s stock valued at $2,642,000 after acquiring an additional 60,118 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Stock Performance

Shares of NASDAQ FSBC opened at $30.70 on Thursday. Five Star Bancorp has a fifty-two week low of $18.50 and a fifty-two week high of $31.79. The company has a market cap of $654.52 million, a PE ratio of 11.67 and a beta of 0.42. The business has a 50-day simple moving average of $29.17 and a two-hundred day simple moving average of $25.79.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Wednesday, July 24th. The company reported $0.51 EPS for the quarter. Five Star Bancorp had a net margin of 22.24% and a return on equity of 14.03%. The company had revenue of $30.67 million during the quarter. On average, sell-side analysts predict that Five Star Bancorp will post 2.16 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. Five Star Bancorp’s payout ratio is currently 30.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FSBC shares. DA Davidson upped their price objective on Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Five Star Bancorp from $27.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Finally, Stephens raised their target price on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, July 26th.

Insider Transactions at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 3,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the transaction, the senior vice president now owns 38,265 shares in the company, valued at $1,113,128.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 4,000 shares of company stock worth $116,340. Company insiders own 25.57% of the company’s stock.

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.