Kennedy Capital Management LLC Has $4.29 Million Holdings in Five Star Bancorp (NASDAQ:FSBC)

Kennedy Capital Management LLC boosted its holdings in shares of Five Star Bancorp (NASDAQ:FSBC) by 364.2% in the first quarter, HoldingsChannel reports. The fund owned 190,449 shares of the company’s stock after buying an additional 149,424 shares during the quarter. Kennedy Capital Management LLC’s holdings in Five Star Bancorp were worth $4,285,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in Five Star Bancorp by 2.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock worth $770,000 after acquiring an additional 797 shares during the period. Swiss National Bank boosted its position in Five Star Bancorp by 8.3% during the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after acquiring an additional 1,700 shares during the period. Cox Capital Mgt LLC boosted its position in Five Star Bancorp by 2.8% during the 1st quarter. Cox Capital Mgt LLC now owns 79,429 shares of the company’s stock worth $1,787,000 after acquiring an additional 2,150 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Five Star Bancorp during the 4th quarter valued at about $56,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Five Star Bancorp during the 4th quarter valued at about $144,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Five Star Bancorp Stock Up 0.1 %

Shares of Five Star Bancorp stock traded up $0.04 during trading on Tuesday, hitting $29.47. 55,432 shares of the stock traded hands, compared to its average volume of 50,378. The company has a fifty day moving average price of $24.36 and a two-hundred day moving average price of $23.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.08. Five Star Bancorp has a twelve month low of $18.50 and a twelve month high of $30.03. The stock has a market cap of $628.30 million, a P/E ratio of 11.20 and a beta of 0.41.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings data on Monday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Five Star Bancorp had a return on equity of 15.23% and a net margin of 22.24%. The business had revenue of $49.37 million for the quarter. During the same period in the previous year, the business posted $0.77 earnings per share. Equities research analysts predict that Five Star Bancorp will post 2.15 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, August 5th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Monday, August 5th. Five Star Bancorp’s payout ratio is 30.42%.

Insider Activity at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the transaction, the senior vice president now directly owns 38,265 shares of the company’s stock, valued at approximately $1,113,128.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FSBC shares. DA Davidson lifted their price target on Five Star Bancorp from $27.00 to $34.00 and gave the company a “buy” rating in a report on Friday. Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a report on Friday. Finally, Stephens lifted their price target on Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Friday.

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.