Riverwater Partners LLC Acquires New Shares in Five Star Bancorp (NASDAQ:FSBC)

Riverwater Partners LLC purchased a new stake in Five Star Bancorp (NASDAQ:FSBC) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,069 shares of the company’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FSBC. KLP Kapitalforvaltning AS bought a new stake in Five Star Bancorp during the fourth quarter valued at about $108,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Five Star Bancorp during the 3rd quarter worth approximately $109,000. Intech Investment Management LLC purchased a new stake in Five Star Bancorp during the fourth quarter valued at approximately $217,000. SG Americas Securities LLC boosted its stake in Five Star Bancorp by 18.7% in the fourth quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock valued at $218,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Five Star Bancorp in the fourth quarter worth $259,000. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Five Star Bancorp Stock Performance

Shares of FSBC opened at $25.27 on Friday. The stock has a 50-day moving average of $29.57 and a two-hundred day moving average of $30.43. The stock has a market cap of $538.98 million, a P/E ratio of 11.08 and a beta of 0.52. Five Star Bancorp has a one year low of $21.10 and a one year high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last issued its earnings results on Monday, January 27th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. Analysts predict that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm 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. The ex-dividend date was Monday, February 3rd. This represents a $0.80 annualized dividend and a dividend yield of 3.17%. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

Analysts Set New Price Targets

Several brokerages have recently commented on FSBC. Keefe, Bruyette & Woods decreased their price objective on Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Thursday, January 30th. Stephens reiterated an “overweight” rating and issued a $37.00 price target on shares of Five Star Bancorp in a research note on Tuesday, January 28th. DA Davidson restated a “buy” rating and set a $38.50 price target on shares of Five Star Bancorp in a research note on Thursday, January 30th. Finally, Raymond James reiterated an “outperform” rating and issued a $35.00 target price (down from $38.00) on shares of Five Star Bancorp in a research note on Wednesday, January 29th.

Insider Buying and Selling

In related news, Director Donna Lucas acquired 2,650 shares of Five Star Bancorp stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the purchase, the director now owns 12,076 shares of the company’s stock, valued at approximately $343,320.68. This represents a 28.11 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. Following the completion of the transaction, the chief executive officer now directly owns 476,381 shares of the company’s stock, valued at approximately $14,410,525.25. This trade represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. 25.57% of the stock is currently owned by corporate insiders.

Five Star Bancorp 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.