Squarepoint Ops LLC Invests $1.99 Million in Five Star Bancorp $FSBC

Squarepoint Ops LLC acquired a new stake in Five Star Bancorp (NASDAQ:FSBC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 40,949 shares of the company’s stock, valued at approximately $1,994,000.

Other large investors also recently modified their holdings of the company. California State Teachers Retirement System raised its stake in Five Star Bancorp by 11,429.8% during the second quarter. California State Teachers Retirement System now owns 1,579,358 shares of the company’s stock worth $76,899,000 after buying an additional 1,565,660 shares during the last quarter. Davis Asset Management L.P. bought a new stake in Five Star Bancorp during the second quarter valued at $73,595,000. BlackRock Inc. bought a new stake in Five Star Bancorp during the second quarter valued at $64,816,000. Kennedy Capital Management LLC boosted its position in Five Star Bancorp by 14.8% during the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after acquiring an additional 56,412 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Five Star Bancorp by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after acquiring an additional 34,396 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FSBC shares. Weiss Ratings raised Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded Five Star Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. DA Davidson raised their target price on Five Star Bancorp from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Stephens set a $51.00 target price on Five Star Bancorp in a report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.20.

Insider Activity at Five Star Bancorp

In other news, Director Judson Riggs bought 2,273 shares of Five Star Bancorp stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average cost of $44.00 per share, for a total transaction of $100,012.00. Following the purchase, the director directly owned 87,531 shares in the company, valued at approximately $3,851,364. This represents a 2.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Ramos bought 5,682 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average cost of $44.00 per share, with a total value of $250,008.00. Following the completion of the transaction, the director directly owned 177,546 shares in the company, valued at $7,812,024. This represents a 3.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 142,727 shares of company stock worth $6,279,988. 21.79% of the stock is currently owned by insiders.

Five Star Bancorp Stock Down 0.9%

Five Star Bancorp stock opened at $45.99 on Tuesday. The company has a market capitalization of $1.13 billion, a PE ratio of 13.61 and a beta of 0.53. Five Star Bancorp has a 12-month low of $30.68 and a 12-month high of $50.26. The firm’s fifty day moving average is $46.89 and its 200 day moving average is $43.24.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%. The business had revenue of $47.95 million during the quarter, compared to analysts’ expectations of $47.72 million. Sell-side analysts expect that Five Star Bancorp will post 3.52 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 3rd. Five Star Bancorp’s dividend payout ratio is 29.59%.

About Five Star Bancorp

Five Star Bancorp is a bank holding company headquartered in Sacramento, California. Its principal subsidiary, Five Star Bank, is a community bank that provides financial products and services to businesses, professionals, nonprofit organizations, real estate investors and individual customers.

Five Star Bank offers commercial and industrial lending, commercial real estate and construction loans, Small Business Administration lending, residential real estate financing and consumer loans.