Endeavour Capital Advisors Inc. Has $1.53 Million Stock Holdings in Five Star Bancorp $FSBC

Endeavour Capital Advisors Inc. decreased its stake in Five Star Bancorp (NASDAQ:FSBC) by 49.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,579 shares of the company’s stock after selling 45,700 shares during the quarter. Endeavour Capital Advisors Inc. owned approximately 0.22% of Five Star Bancorp worth $1,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Five Star Bancorp by 1.7% during the third quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock worth $29,017,000 after acquiring an additional 15,183 shares in the last quarter. Franklin Resources Inc. increased its position in Five Star Bancorp by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 493,475 shares of the company’s stock worth $14,084,000 after purchasing an additional 2,233 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Five Star Bancorp by 9.9% during the 2nd quarter. American Century Companies Inc. now owns 332,580 shares of the company’s stock worth $9,492,000 after purchasing an additional 29,943 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Five Star Bancorp by 26.0% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 293,249 shares of the company’s stock valued at $8,369,000 after buying an additional 60,584 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Five Star Bancorp by 69.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 81,335 shares of the company’s stock valued at $2,321,000 after buying an additional 33,350 shares in the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FSBC shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their price target on shares of Five Star Bancorp from $40.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Stephens cut shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a report on Monday, November 10th. DA Davidson increased their target price on shares of Five Star Bancorp from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $40.00 price target (up previously from $34.00) on shares of Five Star Bancorp in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Five Star Bancorp Price Performance

Five Star Bancorp stock opened at $40.04 on Thursday. Five Star Bancorp has a fifty-two week low of $22.22 and a fifty-two week high of $42.26. The firm has a fifty day moving average price of $38.21 and a two-hundred day moving average price of $34.92. The firm has a market cap of $856.06 million, a price-to-earnings ratio of 13.81 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $40.67 million for the quarter, compared to the consensus estimate of $42.58 million. As a group, sell-side analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 2nd. Five Star Bancorp’s dividend payout ratio is presently 34.48%.

About Five Star Bancorp

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.