Banc Funds Co. LLC Decreases Holdings in Five Star Bancorp (NASDAQ:FSBC)

Banc Funds Co. LLC reduced its position in Five Star Bancorp (NASDAQ:FSBC) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,919 shares of the company’s stock after selling 13,000 shares during the quarter. Banc Funds Co. LLC owned about 0.70% of Five Star Bancorp worth $4,427,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FSBC. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Five Star Bancorp in the 3rd quarter worth $109,000. Acadian Asset Management LLC purchased a new stake in Five Star Bancorp in the second quarter valued at about $124,000. SG Americas Securities LLC acquired a new stake in Five Star Bancorp in the third quarter worth about $182,000. PDT Partners LLC purchased a new stake in shares of Five Star Bancorp during the third quarter worth about $244,000. Finally, Inspire Investing LLC acquired a new position in shares of Five Star Bancorp during the third quarter valued at about $414,000. 46.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Five Star Bancorp

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the sale, the senior vice president now directly owns 36,765 shares of the company’s stock, valued at approximately $1,127,582.55. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 25.57% of the company’s stock.

Five Star Bancorp Stock Down 0.6 %

Shares of Five Star Bancorp stock opened at $32.95 on Monday. The company has a 50 day moving average price of $30.88 and a 200 day moving average price of $27.74. The firm has a market capitalization of $702.49 million, a P/E ratio of 14.45 and a beta of 0.41. Five Star Bancorp has a 52 week low of $21.10 and a 52 week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last posted 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 return on equity of 12.80% and a net margin of 21.35%. The company had revenue of $54.05 million for the quarter. During the same period in the prior year, the firm earned $0.64 EPS. As a group, research analysts anticipate that Five Star Bancorp will post 2.16 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

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.