GSA Capital Partners LLP Purchases Shares of 33,723 Five Star Bancorp $FSBC

GSA Capital Partners LLP acquired a new position in shares of Five Star Bancorp (NASDAQ:FSBC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,723 shares of the company’s stock, valued at approximately $1,642,000. GSA Capital Partners LLP owned 0.16% of Five Star Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its position in Five Star Bancorp by 59.6% in the 1st quarter. Bank of America Corp DE now owns 22,491 shares of the company’s stock valued at $848,000 after buying an additional 8,402 shares during the last quarter. Quantinno Capital Management LP boosted its position in Five Star Bancorp by 123.6% during the 1st quarter. Quantinno Capital Management LP now owns 15,956 shares of the company’s stock worth $602,000 after acquiring an additional 8,821 shares during the last quarter. Sei Investments Co. boosted its position in Five Star Bancorp by 32.2% during the 1st quarter. Sei Investments Co. now owns 25,886 shares of the company’s stock worth $976,000 after acquiring an additional 6,299 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Five Star Bancorp by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after acquiring an additional 34,396 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in shares of Five Star Bancorp by 24.9% during the 1st quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock worth $5,857,000 after acquiring an additional 30,936 shares in the last quarter. 46.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSBC has been the topic of a number of recent research reports. Zacks Research downgraded shares of Five Star Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Stephens set a $51.00 price target on shares of Five Star Bancorp in a research note on Monday, July 27th. DA Davidson boosted their price target on shares of Five Star Bancorp from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Five Star Bancorp currently has an average rating of “Hold” and an average target price of $45.20.

Insider Buying and Selling

In related news, CEO James Eugene Beckwith sold 6,428 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total value of $265,026.44. Following the completion of the sale, the chief executive officer directly owned 466,586 shares in the company, valued at $19,237,340.78. The trade was a 1.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Larry Eugene Allbaugh acquired 96,591 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was purchased at an average cost of $44.00 per share, for a total transaction of $4,250,004.00. Following the completion of the acquisition, the director owned 1,101,687 shares in the company, valued at approximately $48,474,228. This represents a 9.61% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 142,727 shares of company stock valued at $6,279,988 in the last ninety days. 21.79% of the stock is currently owned by company insiders.

Five Star Bancorp Stock Performance

FSBC opened at $46.75 on Monday. The stock’s fifty day simple moving average is $47.03 and its 200 day simple moving average is $42.40. Five Star Bancorp has a 1-year low of $29.48 and a 1-year high of $50.26. The stock has a market cap of $1.15 billion, a PE ratio of 13.83 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The company had revenue of $47.95 million for the quarter, compared to analyst estimates of $47.72 million. Five Star Bancorp had a net margin of 25.92% and a return on equity of 15.92%. Equities analysts forecast that Five Star Bancorp will post 3.52 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, August 3rd. Five Star Bancorp’s payout ratio is currently 29.59%.

About Five Star Bancorp

Five Star Bancorp, Inc is the bank holding company for Five Star Bank, a community-focused financial institution serving retail and commercial customers primarily in Upstate New York. Headquartered in Rochester, the company provides a range of banking and financial services designed to meet the needs of individuals, families and businesses throughout its regional footprint.

The company’s core business activities include deposit services—such as checking, savings and money market accounts—alongside consumer and mortgage lending.