GSA Capital Partners LLP purchased a new stake in Five Star Bancorp (NASDAQ:FSBC – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 33,723 shares of the company’s stock, valued at approximately $1,642,000.
A number of other large investors have also added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. increased its stake in Five Star Bancorp by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock worth $72,182,000 after acquiring an additional 18,668 shares during the period. Vanguard Group Inc. lifted its position in shares of Five Star Bancorp by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock valued at $29,017,000 after acquiring an additional 15,183 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Five Star Bancorp by 75.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock worth $20,388,000 after purchasing an additional 245,727 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in shares of Five Star Bancorp by 14.8% during the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock worth $15,701,000 after purchasing an additional 56,412 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Five Star Bancorp by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock worth $14,285,000 after purchasing an additional 5,038 shares during the period. Institutional investors and hedge funds own 46.94% of the company’s stock.
Five Star Bancorp Stock Performance
Shares of NASDAQ:FSBC opened at $46.75 on Monday. The company has a fifty day moving average of $47.03 and a 200-day moving average of $42.40. The company has a market capitalization of $1.15 billion, a PE ratio of 13.83 and a beta of 0.53. Five Star Bancorp has a 52-week low of $29.48 and a 52-week high of $50.26.
Five Star Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is presently 29.59%.
Insider Activity at Five Star Bancorp
In other news, Director Kevin Francis Ramos purchased 5,682 shares of Five Star Bancorp stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average cost of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the acquisition, the director owned 177,546 shares in the company, valued at approximately $7,812,024. This trade represents a 3.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judson Teichert Riggs acquired 2,273 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average cost of $44.00 per share, with a total value of $100,012.00. Following the purchase, the director directly owned 87,531 shares of the company’s stock, valued at $3,851,364. This trade represents a 2.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 142,727 shares of company stock valued at $6,279,988. Corporate insiders own 21.79% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on FSBC shares. Stephens set a $51.00 price target on Five Star Bancorp in a research note on Monday, July 27th. Weiss Ratings upgraded shares of Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. DA Davidson raised their target price on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods boosted their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Finally, Zacks Research downgraded shares of Five Star Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Five Star Bancorp currently has a consensus rating of “Hold” and an average price target of $45.20.
Get Our Latest Stock Report on FSBC
Five Star Bancorp Company 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.
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