1 day Ago By Defense World Staff
Renaissance Technologies LLC lowered its stake in Five Star Bancorp (NASDAQ:FSBC – Free Report) by 30.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,197 shares of the company’s stock after selling 18,556 shares during the period.
Renaissance Technologies LLC owned approximately 0.20% of Five Star Bancorp worth $1,270,000 as of its most recent filing with the SEC. Several other large investors have also modified their holdings of the stock.
KLP Kapitalforvaltning AS purchased a new stake in shares of Five Star Bancorp during the fourth quarter valued at $108,000. Intech Investment Management LLC acquired a new stake in Five Star Bancorp during the 4th quarter worth about $217,000. SG Americas Securities LLC lifted its stake in Five Star Bancorp by 18.
7% during the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock valued at $218,000 after buying an additional 1,143 shares in the last quarter. Riverwater Partners LLC acquired a new position in shares of Five Star Bancorp in the fourth quarter worth about $243,000.
Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Five Star Bancorp in the fourth quarter worth approximately $259,000. 46.
94% of the stock is owned by institutional investors. Five Star Bancorp Stock Up 2.4 %Five Star Bancorp stock opened at $27.
70 on Wednesday. Five Star Bancorp has a 12 month low of $21.50 and a 12 month high of $35.
13. The company’s fifty day simple moving average is $27.83 and its 200-day simple moving average is $30.
04. The stock has a market cap of $590.81 million, a P/E ratio of 12.
15 and a beta of 0.52. Five Star Bancorp (NASDAQ:FSBC – Get Free Report) last issued its earnings results on Monday, April 28th.
The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.
01. The company had revenue of $35.34 million for the quarter, compared to analyst estimates of $35.
27 million. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.
40%. On average, equities research analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.
Five Star Bancorp Announces DividendThe firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be paid a $0.20 dividend.
This represents a $0.80 dividend on an annualized basis and a yield of 2.89%.
The ex-dividend date is Monday, May 5th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.
Insiders Place Their BetsIn other Five Star Bancorp news, CEO James Eugene Beckwith sold 4,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $30.25, for a total transaction of $121,000.
00. Following the transaction, the chief executive officer now directly owns 476,381 shares in the company, valued at $14,410,525.25.
This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Also, Director Donna Lucas purchased 2,650 shares of Five Star Bancorp stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $28.43 per share, with a total value of $75,339.
50. Following the transaction, the director now directly owns 12,076 shares of the company’s stock, valued at approximately $343,320.68.
The trade was a 28.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here.
Insiders own 25.57% of the company’s stock. Analyst Ratings ChangesA number of equities analysts recently commented on the stock.
DA Davidson reaffirmed a “buy” rating and issued a $38.50 price objective on shares of Five Star Bancorp in a research note on Thursday, January 30th. Raymond James reiterated an “outperform” rating and set a $35.
00 price target (down previously from $38.00) on shares of Five Star Bancorp in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price objective on Five Star Bancorp from $37.
00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. Finally, Stephens reaffirmed an “overweight” rating and set a $37.
00 target price on shares of Five Star Bancorp in a research note on Tuesday, January 28th.Check Out Our Latest Report on FSBCFive Star Bancorp Profile (Free Report)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.
Further ReadingFive stocks we like better than Five Star BancorpDo Real Estate Investment Trusts Deserve a Place in Your Portfolio?Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over YetESG Stocks, What Investors Should KnowCoca-Cola Company Stock Can Bubble to New Highs This YearThe Basics of Support and Resistance3 Stocks Lifting 2025 Guidance Despite Market JittersWant to see what other hedge funds are holding FSBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Five Star Bancorp (NASDAQ:FSBC – Free Report)..
