Kennedy Capital Management LLC Has $8.15 Million Stock Holdings in Five Star Bancorp (NASDAQ:FSBC)

Kennedy Capital Management LLC lowered its position in shares of Five Star Bancorp (NASDAQ:FSBC) by 10.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 270,927 shares of the company’s stock after selling 31,655 shares during the period. Kennedy Capital Management LLC’s holdings in Five Star Bancorp were worth $8,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FSBC. Vanguard Group Inc. increased its holdings in Five Star Bancorp by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 840,142 shares of the company’s stock worth $25,280,000 after purchasing an additional 13,001 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after purchasing an additional 25,374 shares during the period. State Street Corp raised its holdings in Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after buying an additional 66,602 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Five Star Bancorp by 1.2% during the fourth quarter. Invesco Ltd. now owns 346,651 shares of the company’s stock valued at $10,431,000 after buying an additional 4,004 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Five Star Bancorp by 31.1% during the fourth quarter. American Century Companies Inc. now owns 261,494 shares of the company’s stock worth $7,868,000 after acquiring an additional 62,041 shares in the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Insider Buying and Selling

In other news, Director Donna Lucas bought 2,650 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the transaction, the director now directly owns 12,076 shares of the company’s stock, valued at $343,320.68. This represents a 28.11 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of the 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 sale, the chief executive officer now owns 476,381 shares of the company’s stock, valued at approximately $14,410,525.25. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.57% of the stock is currently owned by company insiders.

Five Star Bancorp Stock Performance

Shares of Five Star Bancorp stock opened at $25.15 on Friday. The stock has a market capitalization of $536.42 million, a P/E ratio of 11.03 and a beta of 0.52. Five Star Bancorp has a 52-week low of $21.16 and a 52-week high of $35.13. The stock’s 50-day simple moving average is $28.99 and its 200 day simple moving average is $30.25.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, January 27th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. Equities research analysts forecast that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Stephens reiterated an “overweight” rating and set a $37.00 price target on shares of Five Star Bancorp in a research note on Tuesday, January 28th. DA Davidson reiterated a “buy” rating and set a $38.50 price target on shares of Five Star Bancorp in a report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price objective on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Finally, Raymond James reiterated an “outperform” rating and issued a $35.00 target price (down previously from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th.

Five Star Bancorp Company Profile

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.