Franklin Resources Inc. Sells 4,087 Shares of Five Star Bancorp (NASDAQ:FSBC)

Franklin Resources Inc. lowered its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 573,487 shares of the company’s stock after selling 4,087 shares during the period. Franklin Resources Inc. owned approximately 2.69% of Five Star Bancorp worth $17,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Five Star Bancorp during the 3rd quarter worth approximately $109,000. Acadian Asset Management LLC bought a new stake in shares of Five Star Bancorp during the second quarter valued at approximately $124,000. SG Americas Securities LLC acquired a new position in shares of Five Star Bancorp during the third quarter worth approximately $182,000. PDT Partners LLC bought a new position in shares of Five Star Bancorp in the 3rd quarter worth $244,000. Finally, Inspire Investing LLC acquired a new stake in Five Star Bancorp in the 3rd quarter valued at $414,000. Institutional investors own 46.94% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Michael Eugene Lee sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now owns 36,765 shares in the company, valued at approximately $1,127,582.55. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 25.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on FSBC shares. Raymond James began coverage on shares of Five Star Bancorp in a report on Thursday. They set an “outperform” rating and a $38.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price on shares of Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Five Star Bancorp Trading Up 0.7 %

NASDAQ FSBC opened at $30.39 on Friday. The business has a fifty day simple moving average of $31.95 and a 200 day simple moving average of $28.69. Five Star Bancorp has a 12 month low of $21.10 and a 12 month high of $35.13. The firm has a market capitalization of $647.88 million, a P/E ratio of 13.33 and a beta of 0.45.

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 net margin of 21.35% and a return on equity of 12.80%. The firm had revenue of $54.05 million during the quarter. During the same period last year, the business posted $0.64 EPS. As a group, sell-side analysts predict that Five Star Bancorp will post 2.19 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, November 4th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. Five Star Bancorp’s dividend payout ratio (DPR) is currently 35.09%.

Five Star Bancorp Company 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.