Los Angeles Capital Management LLC Grows Stock Holdings in Five Star Bancorp $FSBC

Los Angeles Capital Management LLC raised its stake in Five Star Bancorp (NASDAQ:FSBC) by 67.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,935 shares of the company’s stock after buying an additional 10,808 shares during the period. Los Angeles Capital Management LLC’s holdings in Five Star Bancorp were worth $769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its stake in shares of Five Star Bancorp by 375.9% during the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after acquiring an additional 827 shares in the last quarter. AlphaQuest LLC acquired a new position in Five Star Bancorp during the first quarter worth $212,000. Allianz Asset Management GmbH acquired a new position in Five Star Bancorp during the first quarter worth $228,000. XTX Topco Ltd purchased a new stake in Five Star Bancorp during the first quarter worth $263,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Five Star Bancorp by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock valued at $275,000 after purchasing an additional 390 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Five Star Bancorp Trading Down 1.3%

Shares of FSBC stock opened at $34.70 on Friday. The firm has a 50-day moving average price of $33.44 and a 200 day moving average price of $30.82. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $37.74. The company has a market capitalization of $741.54 million, a price-to-earnings ratio of 12.85 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings results on Monday, October 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.06. The company had revenue of $41.31 million for the quarter, compared to analysts’ expectations of $40.34 million. Five Star Bancorp had a net margin of 23.18% and a return on equity of 13.88%. During the same period last year, the company earned $0.52 EPS. As a group, research analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, November 3rd were given a dividend of $0.20 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Five Star Bancorp’s dividend payout ratio (DPR) is 29.63%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $40.00 price target (up previously from $34.00) on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Janney Montgomery Scott started coverage on shares of Five Star Bancorp in a report on Friday, October 10th. They set a “buy” rating and a $37.00 target price for the company. Keefe, Bruyette & Woods upped their price target on shares of Five Star Bancorp from $35.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, October 30th. Stephens lowered shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price target on the stock. in a research report on Monday. Finally, DA Davidson set a $43.00 price objective on shares of Five Star Bancorp in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.40.

About Five Star Bancorp

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.