SummerHaven Investment Management LLC Purchases Shares of 27,979 Five Star Bancorp $FSBC

SummerHaven Investment Management LLC bought a new position in shares of Five Star Bancorp (NASDAQ:FSBC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,979 shares of the company’s stock, valued at approximately $901,000. SummerHaven Investment Management LLC owned 0.13% of Five Star Bancorp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after acquiring an additional 390 shares during the period. Jane Street Group LLC bought a new position in shares of Five Star Bancorp in the first quarter valued at approximately $889,000. Inspire Investing LLC grew its holdings in Five Star Bancorp by 10.0% during the second quarter. Inspire Investing LLC now owns 13,623 shares of the company’s stock worth $389,000 after buying an additional 1,235 shares in the last quarter. CWM LLC boosted its holdings in Five Star Bancorp by 375.9% during the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after acquiring an additional 827 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Five Star Bancorp by 127.5% in the 2nd quarter. AlphaQuest LLC now owns 17,383 shares of the company’s stock worth $496,000 after acquiring an additional 9,743 shares in the last quarter. 46.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

FSBC has been the topic of a number of recent analyst reports. Raymond James Financial reissued an “outperform” rating and set a $40.00 price target (up from $34.00) on shares of Five Star Bancorp in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods lifted their target price on shares of Five Star Bancorp from $35.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. DA Davidson set a $43.00 target price on Five Star Bancorp in a report on Wednesday, October 29th. Stephens lowered Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a report on Monday, November 10th. Finally, Janney Montgomery Scott began coverage on Five Star Bancorp in a research report on Friday, October 10th. They issued a “buy” rating and a $37.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

Five Star Bancorp Trading Down 0.6%

Shares of NASDAQ FSBC opened at $38.58 on Wednesday. The stock has a fifty day simple moving average of $36.39 and a two-hundred day simple moving average of $33.83. Five Star Bancorp has a 1-year low of $22.22 and a 1-year high of $40.31. The firm has a market cap of $824.45 million, a price-to-earnings ratio of 13.30 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $40.67 million for the quarter, compared to analysts’ expectations of $42.58 million. Analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Monday, February 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, February 2nd. This is a positive change from Five Star Bancorp’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. Five Star Bancorp’s dividend payout ratio is 29.63%.

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.