Pacific Ridge Capital Partners LLC Has $5.53 Million Stock Holdings in Five Star Bancorp (NASDAQ:FSBC)

Pacific Ridge Capital Partners LLC lowered its position in Five Star Bancorp (NASDAQ:FSBC) by 32.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,608 shares of the company’s stock after selling 86,717 shares during the quarter. Pacific Ridge Capital Partners LLC owned 0.86% of Five Star Bancorp worth $5,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in Five Star Bancorp during the 4th quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Five Star Bancorp during the third quarter worth $109,000. Intech Investment Management LLC bought a new stake in shares of Five Star Bancorp in the fourth quarter worth $217,000. SG Americas Securities LLC increased its holdings 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 purchasing an additional 1,143 shares during the period. Finally, PDT Partners LLC acquired a new stake in Five Star Bancorp in the third quarter valued at $244,000. Institutional investors own 46.94% of the company’s stock.

Insider Activity at Five Star Bancorp

In other news, CEO James Eugene Beckwith sold 4,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $14,410,525.25. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Donna Lucas purchased 2,650 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $28.43 per share, for a total transaction of $75,339.50. Following the completion of the purchase, the director now owns 12,076 shares in the company, valued at $343,320.68. This trade represents a 28.11 % increase in their position. The disclosure for this purchase can be found here. 25.57% of the stock is owned by corporate insiders.

Five Star Bancorp Trading Up 0.0 %

FSBC stock opened at $28.45 on Thursday. The firm has a market cap of $606.81 million, a PE ratio of 12.48 and a beta of 0.48. The stock has a 50-day moving average price of $29.97 and a 200-day moving average price of $30.52. Five Star Bancorp has a 1-year low of $21.10 and a 1-year high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last released its earnings results on Monday, January 27th. The company reported $0.63 EPS 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%. On average, analysts forecast that Five Star Bancorp will post 2.63 earnings per share for the current year.

Five Star Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is 35.09%.

Wall Street Analyst Weigh In

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

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.