Bragg Financial Advisors Inc Makes New Investment in Five Star Bancorp (NASDAQ:FSBC)

Bragg Financial Advisors Inc purchased a new stake in Five Star Bancorp (NASDAQ:FSBC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 25,337 shares of the company’s stock, valued at approximately $762,000.

Several other large investors have also recently made changes to their positions in FSBC. Geode Capital Management LLC raised its position in Five Star Bancorp by 7.2% in the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after purchasing an additional 25,374 shares during the period. Barclays PLC grew its stake in shares of Five Star Bancorp by 332.1% in the third quarter. Barclays PLC now owns 25,112 shares of the company’s stock valued at $746,000 after buying an additional 19,301 shares in the last quarter. State Street Corp raised its holdings in shares of Five Star Bancorp by 21.7% in the 3rd quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after buying an additional 66,602 shares during the period. JPMorgan Chase & Co. lifted its stake in Five Star Bancorp by 81.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock worth $698,000 after acquiring an additional 10,547 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Five Star Bancorp by 25.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 22,435 shares of the company’s stock valued at $667,000 after acquiring an additional 4,564 shares during the period. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO James Eugene Beckwith sold 4,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $30.25, for a total value of $121,000.00. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna Lucas bought 2,650 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the acquisition, the director now directly owns 12,076 shares in the company, valued at approximately $343,320.68. This trade represents a 28.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 25.57% of the stock is owned by company insiders.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $25.19 on Monday. The business has a 50-day moving average of $28.89 and a two-hundred day moving average of $30.23. The company has a market capitalization of $537.28 million, a price-to-earnings ratio of 11.05 and a beta of 0.52. Five Star Bancorp has a 1 year low of $21.16 and a 1 year high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last posted its earnings results on Monday, January 27th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. As a group, equities research analysts expect that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.