Five Star Bancorp $FSBC Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Five Star Bancorp (NASDAQ:FSBC) by 12.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,938 shares of the company’s stock after purchasing an additional 34,396 shares during the period. Dimensional Fund Advisors LP’s holdings in Five Star Bancorp were worth $12,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSBC. T. Rowe Price Investment Management Inc. boosted its position in Five Star Bancorp by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,017,380 shares of the company’s stock worth $72,182,000 after purchasing an additional 18,668 shares in the last quarter. Vanguard Group Inc. grew its holdings in Five Star Bancorp by 1.7% in the third quarter. Vanguard Group Inc. now owns 901,158 shares of the company’s stock valued at $29,017,000 after purchasing an additional 15,183 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of 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 buying an additional 245,727 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of Five Star Bancorp by 14.8% in the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after buying an additional 56,412 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Five Star Bancorp by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 399,166 shares of the company’s stock worth $14,285,000 after buying an additional 5,038 shares during the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Shannon Deary-Bell purchased 5,682 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average cost of $44.00 per share, for a total transaction of $250,008.00. Following the completion of the acquisition, the director directly owned 85,244 shares in the company, valued at $3,750,736. This represents a 7.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Truxtun Perry-Smith purchased 31,363 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of $44.00 per share, with a total value of $1,379,972.00. Following the completion of the acquisition, the director owned 258,898 shares of the company’s stock, valued at approximately $11,391,512. This represents a 13.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 142,727 shares of company stock worth $6,279,988 and sold 10,651 shares worth $440,536. Company insiders own 21.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Five Star Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Keefe, Bruyette & Woods raised their target price on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Stephens set a $51.00 target price on shares of Five Star Bancorp in a report on Monday, July 27th. DA Davidson lifted their target price on shares of Five Star Bancorp from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Five Star Bancorp in a report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Five Star Bancorp presently has a consensus rating of “Hold” and an average target price of $45.20.

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $46.08 on Friday. Five Star Bancorp has a fifty-two week low of $29.31 and a fifty-two week high of $50.26. The company has a market capitalization of $985.19 million, a price-to-earnings ratio of 13.63 and a beta of 0.53. The stock has a fifty day moving average of $46.61 and a two-hundred day moving average of $42.09.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The business had revenue of $47.95 million for the quarter, compared to the consensus estimate of $47.72 million. Five Star Bancorp had a return on equity of 16.17% and a net margin of 25.92%. On average, analysts forecast that Five Star Bancorp will post 3.5 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

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

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.