PDT Partners LLC Makes New $244,000 Investment in Five Star Bancorp (NASDAQ:FSBC)

PDT Partners LLC bought a new position in shares of Five Star Bancorp (NASDAQ:FSBC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,209 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds also recently bought and sold shares of the stock. Davis Asset Management L.P. lifted its holdings in Five Star Bancorp by 3.4% during the second quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock worth $35,747,000 after buying an additional 50,000 shares during the period. Vanguard Group Inc. lifted its holdings in Five Star Bancorp by 31.9% during the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock worth $16,064,000 after buying an additional 172,507 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Five Star Bancorp by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock worth $3,797,000 after buying an additional 39,256 shares during the period. Brighton Jones LLC lifted its holdings in Five Star Bancorp by 0.3% during the third quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock worth $4,202,000 after buying an additional 401 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Five Star Bancorp by 201.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after buying an additional 89,834 shares during the period. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Trading Down 0.5 %

Shares of FSBC opened at $32.82 on Wednesday. Five Star Bancorp has a 12 month low of $21.10 and a 12 month high of $35.13. The stock has a fifty day moving average price of $30.95 and a 200-day moving average price of $27.84. The firm has a market cap of $699.72 million, a PE ratio of 14.39 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. The business had revenue of $54.05 million for the quarter. During the same period in the previous year, the company posted $0.64 EPS. As a group, research analysts forecast that Five Star Bancorp will post 2.16 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Insider Activity

In related news, SVP Michael Eugene Lee sold 1,500 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total value of $46,005.00. Following the completion of the transaction, the senior vice president now owns 36,765 shares in the company, valued at $1,127,582.55. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 25.57% of the company’s stock.

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.