Five Star Bancorp (NASDAQ:FSBC) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its position in Five Star Bancorp (NASDAQ:FSBC) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,988,396 shares of the company’s stock after selling 37,643 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 0.09% of Five Star Bancorp worth $59,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Five Star Bancorp by 332.1% during the third quarter. Barclays PLC now owns 25,112 shares of the company’s stock valued at $746,000 after buying an additional 19,301 shares during the last quarter. Geode Capital Management LLC increased its position in Five Star Bancorp by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after acquiring an additional 25,374 shares during the period. JPMorgan Chase & Co. raised its stake in Five Star Bancorp by 81.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock valued at $698,000 after acquiring an additional 10,547 shares in the last quarter. SG Americas Securities LLC boosted its position in Five Star Bancorp by 18.7% during the 4th quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock worth $218,000 after acquiring an additional 1,143 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Five Star Bancorp by 47.0% in the fourth quarter. Bank of New York Mellon Corp now owns 111,848 shares of the company’s stock worth $3,365,000 after purchasing an additional 35,783 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Five Star Bancorp news, Director Donna Lucas bought 2,650 shares of Five Star Bancorp stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the acquisition, the director now directly owns 12,076 shares of the company’s stock, valued at approximately $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of Five Star Bancorp stock in a transaction on Friday, February 28th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. Following the transaction, the chief executive officer now owns 476,381 shares in the company, valued at $14,410,525.25. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. 25.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FSBC. Keefe, Bruyette & Woods dropped their price target on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Stephens reissued an “overweight” rating and set a $37.00 target price on shares of Five Star Bancorp in a report on Tuesday, January 28th. Raymond James reaffirmed an “outperform” rating and set a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th. Finally, DA Davidson reissued a “buy” rating and issued a $38.50 price objective on shares of Five Star Bancorp in a research note on Thursday, January 30th.

Five Star Bancorp Price Performance

NASDAQ FSBC opened at $26.99 on Friday. Five Star Bancorp has a 12 month low of $21.37 and a 12 month high of $35.13. The company has a market capitalization of $575.67 million, a P/E ratio of 11.84 and a beta of 0.52. The company’s 50 day simple moving average is $28.01 and its 200 day simple moving average is $30.06.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. On average, analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, May 5th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.96%. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

Five Star Bancorp Company Profile

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.