Ieq Capital LLC Takes Position in Five Star Bancorp $FSBC

Ieq Capital LLC bought a new position in shares of Five Star Bancorp (NASDAQ:FSBC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,711 shares of the company’s stock, valued at approximately $1,203,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in shares of Five Star Bancorp during the 2nd quarter valued at $27,000. Russell Investments Group Ltd. acquired a new stake in shares of Five Star Bancorp in the second quarter valued at $34,000. Quarry LP bought a new position in Five Star Bancorp during the third quarter valued at about $40,000. Raymond James Financial Inc. bought a new position in Five Star Bancorp during the second quarter valued at about $64,000. Finally, Tower Research Capital LLC TRC grew its holdings in Five Star Bancorp by 65.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after acquiring an additional 1,359 shares during the period. 46.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FSBC has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. DA Davidson raised their price objective on shares of Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Stephens set a $51.00 target price on shares of Five Star Bancorp in a report on Monday, July 27th. Finally, Zacks Research lowered shares of Five Star Bancorp from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.20.

Five Star Bancorp Trading Up 0.8%

FSBC stock opened at $45.28 on Thursday. Five Star Bancorp has a one year low of $30.68 and a one year high of $50.26. The firm has a market capitalization of $1.11 billion, a PE ratio of 13.40 and a beta of 0.53. The firm has a 50-day moving average of $47.26 and a two-hundred day moving average of $42.72.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Wednesday, July 22nd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. The company had revenue of $47.95 million during the quarter, compared to analysts’ expectations of $47.72 million. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%. On average, equities research analysts anticipate that Five Star Bancorp will post 3.52 earnings per share for the current year.

Five Star Bancorp Announces Dividend

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

Insider Transactions at Five Star Bancorp

In other news, Director Judson Teichert Riggs acquired 2,273 shares of the stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, for a total transaction of $100,012.00. Following the transaction, the director owned 87,531 shares in the company, valued at approximately $3,851,364. This trade represents a 2.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin Francis Ramos bought 5,682 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the purchase, the director owned 177,546 shares in the company, valued at approximately $7,812,024. This trade represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 142,727 shares of company stock worth $6,279,988. 21.79% of the stock is currently owned by insiders.

Five Star Bancorp 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.