Five Star Bancorp $FSBC Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its holdings in shares of Five Star Bancorp (NASDAQ:FSBC) by 24.9% during the first quarter, Holdings Channel reports. The fund owned 155,274 shares of the company’s stock after purchasing an additional 30,936 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Five Star Bancorp were worth $5,857,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Adage Capital Partners GP L.L.C. boosted its holdings in Five Star Bancorp by 75.8% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 569,804 shares of the company’s stock valued at $20,388,000 after purchasing an additional 245,727 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Five Star Bancorp by 4,770.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 58,742 shares of the company’s stock valued at $1,892,000 after purchasing an additional 57,536 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of Five Star Bancorp by 14.8% in the 4th quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after purchasing an additional 56,412 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Five Star Bancorp by 348.0% during the 1st quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock valued at $2,211,000 after buying an additional 45,541 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Five Star Bancorp by 69.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 84,110 shares of the company’s stock valued at $2,708,000 after buying an additional 34,570 shares during the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Trading Down 1.8%

Shares of FSBC opened at $48.66 on Friday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 15.45 and a beta of 0.53. The stock has a 50 day moving average of $43.15 and a 200-day moving average of $40.10. Five Star Bancorp has a 52 week low of $28.34 and a 52 week high of $50.01.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Friday, February 27th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $43.47 million for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%. On average, sell-side analysts predict that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, May 4th. Five Star Bancorp’s dividend payout ratio is 31.75%.

Insider Transactions at Five Star Bancorp

In other news, SVP Michael Eugene Lee sold 1,641 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $41.26, for a total value of $67,707.66. Following the transaction, the senior vice president directly owned 33,631 shares in the company, valued at approximately $1,387,615.06. This trade represents a 4.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $41.11, for a total transaction of $106,187.13. Following the completion of the transaction, the senior vice president directly owned 17,608 shares of the company’s stock, valued at $723,864.88. This trade represents a 12.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,692 shares of company stock worth $524,640. 21.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on FSBC shares. Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Keefe, Bruyette & Woods increased their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Stephens raised their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Finally, DA Davidson boosted their target price on shares of Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Five Star Bancorp presently has an average rating of “Moderate Buy” and an average price target of $42.30.

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.