Inspire Investing LLC Boosts Position in Five Star Bancorp $FSBC

Inspire Investing LLC raised its position in Five Star Bancorp (NASDAQ:FSBC) by 348.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,627 shares of the company’s stock after acquiring an additional 45,541 shares during the quarter. Inspire Investing LLC’s holdings in Five Star Bancorp were worth $2,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FSBC. Russell Investments Group Ltd. bought a new stake in shares of Five Star Bancorp during the 2nd quarter valued at about $34,000. Quarry LP bought a new position in shares of Five Star Bancorp in the 3rd quarter worth approximately $40,000. Raymond James Financial Inc. bought a new position in shares of Five Star Bancorp in the 2nd quarter worth approximately $64,000. State of Alaska Department of Revenue boosted its holdings in shares of Five Star Bancorp by 154.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after buying an additional 1,322 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Five Star Bancorp by 65.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after buying an additional 1,359 shares during the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

Five Star Bancorp Trading Up 1.1%

Shares of NASDAQ:FSBC opened at $48.69 on Wednesday. The stock has a 50 day moving average of $42.82 and a 200 day moving average of $39.94. The company has a market cap of $1.04 billion, a PE ratio of 15.46 and a beta of 0.54. Five Star Bancorp has a 12-month low of $28.32 and a 12-month high of $48.94.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.83 earnings per share for the quarter. The business had revenue of $43.47 million for the quarter. Five Star Bancorp had a net margin of 25.23% and a return on equity of 15.32%. Equities research analysts predict that Five Star Bancorp will post 3.58 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, May 4th. Five Star Bancorp’s dividend payout ratio (DPR) is presently 31.75%.

Insider Activity at Five Star Bancorp

In related news, SVP Brett Levi Wait sold 2,583 shares of Five Star Bancorp stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $41.11, for a total transaction of $106,187.13. Following the transaction, the senior vice president owned 17,608 shares in the company, valued at approximately $723,864.88. The trade was a 12.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Eugene Beckwith sold 6,428 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total transaction of $265,026.44. Following the completion of the transaction, the chief executive officer directly owned 466,586 shares of the company’s stock, valued at $19,237,340.78. This represents a 1.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 12,692 shares of company stock worth $524,640. 21.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FSBC. DA Davidson upped their target price on shares of Five Star Bancorp from $45.00 to $48.50 and gave the company a “buy” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted 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 note on Friday, May 1st. Stephens boosted their price objective on shares of Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

Five Star Bancorp Company Profile

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.