AlphaQuest LLC Grows Stake in Five Star Bancorp $FSBC

AlphaQuest LLC lifted its position in Five Star Bancorp (NASDAQ:FSBC) by 127.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,383 shares of the company’s stock after purchasing an additional 9,743 shares during the period. AlphaQuest LLC’s holdings in Five Star Bancorp were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC boosted its stake in shares of Five Star Bancorp by 375.9% in the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after buying an additional 827 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Five Star Bancorp by 10.0% in the 2nd quarter. Inspire Investing LLC now owns 13,623 shares of the company’s stock worth $389,000 after buying an additional 1,235 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Five Star Bancorp in the 1st quarter worth $889,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Five Star Bancorp in the 1st quarter worth $587,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Five Star Bancorp by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after buying an additional 390 shares during the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.

Five Star Bancorp Stock Performance

Shares of Five Star Bancorp stock opened at $37.23 on Wednesday. Five Star Bancorp has a one year low of $22.22 and a one year high of $37.74. The stock’s fifty day moving average is $32.84 and its 200 day moving average is $30.14. The stock has a market cap of $795.61 million, a P/E ratio of 13.79 and a beta of 0.51.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, October 27th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.09% and a net margin of 23.18%.During the same period last year, the firm earned $0.52 EPS. Analysts predict that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 32.65%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FSBC. Weiss Ratings restated a “buy (b-)” rating on shares of Five Star Bancorp in a research note on Wednesday, October 8th. Janney Montgomery Scott started coverage on Five Star Bancorp in a report on Friday, October 10th. They issued a “buy” rating and a $37.00 target price on the stock. DA Davidson raised their target price on Five Star Bancorp from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Keefe, Bruyette & Woods raised their target price on Five Star Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Insider Buying and Selling

In other Five Star Bancorp news, COO Lydia Ann Ramirez-Medina sold 825 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $30.94, for a total transaction of $25,525.50. Following the sale, the chief operating officer directly owned 11,960 shares of the company’s stock, valued at $370,042.40. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.57% of the stock is currently owned by corporate insiders.

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.