Five Star Bancorp $FSBC Stake Raised by Kennedy Capital Management LLC

Kennedy Capital Management LLC boosted its holdings in Five Star Bancorp (NASDAQ:FSBC) by 14.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 438,831 shares of the company’s stock after purchasing an additional 56,412 shares during the quarter. Kennedy Capital Management LLC’s holdings in Five Star Bancorp were worth $15,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Five Star Bancorp in the second quarter worth about $34,000. Quarry LP bought a new stake in Five Star Bancorp in the third quarter worth about $40,000. Raymond James Financial Inc. bought a new stake in Five Star Bancorp in the second quarter worth about $64,000. State of Alaska Department of Revenue raised its position in Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after acquiring an additional 1,322 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Five Star Bancorp by 65.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after acquiring an additional 1,359 shares in the last quarter. 46.94% of the stock is currently owned by institutional investors.

Five Star Bancorp Trading Up 0.5%

Shares of FSBC opened at $44.76 on Friday. The business’s 50-day moving average price is $41.30 and its 200 day moving average price is $38.96. The stock has a market capitalization of $956.79 million, a P/E ratio of 14.21 and a beta of 0.54. Five Star Bancorp has a 1-year low of $26.20 and a 1-year high of $45.20.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The firm had revenue of $43.47 million for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. On average, research analysts predict that Five Star Bancorp will post 3.58 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, May 4th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 31.75%.

Insider Buying and Selling

In related news, SVP Michael Eugene Lee sold 1,641 shares of Five Star Bancorp stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $41.26, for a total value of $67,707.66. Following the transaction, the senior vice president owned 33,631 shares of the company’s stock, valued at approximately $1,387,615.06. This trade represents a 4.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Eugene Beckwith sold 6,428 shares of Five Star Bancorp stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total value of $265,026.44. Following the completion of the transaction, the chief executive officer directly owned 466,586 shares in the company, valued at $19,237,340.78. This represents a 1.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,692 shares of company stock valued at $524,640. 21.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FSBC shares. Keefe, Bruyette & Woods boosted their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a research report on Monday, June 1st. DA Davidson boosted their price target on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Stephens lifted their price target on Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.30.

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.