Five Star Bancorp $FSBC Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in shares of Five Star Bancorp (NASDAQ:FSBC) by 67.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,935 shares of the company’s stock after buying an additional 10,808 shares during the quarter. Los Angeles Capital Management LLC owned about 0.13% of Five Star Bancorp worth $769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of Five Star Bancorp by 375.9% in the second quarter. CWM LLC now owns 1,047 shares of the company’s stock valued at $30,000 after acquiring an additional 827 shares during the period. AlphaQuest LLC purchased a new stake in Five Star Bancorp in the 1st quarter valued at $212,000. Allianz Asset Management GmbH acquired a new stake in Five Star Bancorp during the 1st quarter worth $228,000. XTX Topco Ltd purchased a new position in Five Star Bancorp during the 1st quarter worth $263,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 purchasing an additional 390 shares during the period. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Analysts Set New Price Targets

FSBC has been the subject of several recent research reports. DA Davidson set a $43.00 target price on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods upped their price objective on Five Star Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Wednesday, October 8th. Janney Montgomery Scott began coverage on Five Star Bancorp in a report on Friday, October 10th. They issued a “buy” rating and a $37.00 target price on the stock. Finally, Raymond James Financial restated an “outperform” rating and set a $40.00 price target (up previously from $34.00) on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.40.

Five Star Bancorp Trading Down 1.3%

Shares of FSBC opened at $34.70 on Friday. The stock’s 50 day moving average is $33.44 and its two-hundred day moving average is $30.82. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $37.74. The firm has a market capitalization of $741.54 million, a PE ratio of 12.85 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. Five Star Bancorp had a return on equity of 13.88% and a net margin of 23.18%.The business had revenue of $41.31 million during the quarter, compared to the consensus estimate of $40.34 million. During the same period in the prior year, the business posted $0.52 EPS. On average, sell-side analysts predict that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were given a $0.20 dividend. The ex-dividend date was Monday, November 3rd. This represents a $0.80 annualized dividend and a yield of 2.3%. Five Star Bancorp’s dividend payout ratio is presently 29.63%.

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.