Ieq Capital LLC Buys Shares of 24,711 Five Star Bancorp $FSBC

Ieq Capital LLC bought a new position in shares of Five Star Bancorp (NASDAQ:FSBC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,711 shares of the company’s stock, valued at approximately $1,203,000. Ieq Capital LLC owned 0.10% of Five Star Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. State of Wyoming acquired a new position in shares of Five Star Bancorp in the 2nd quarter valued at about $27,000. Russell Investments Group Ltd. acquired a new stake in Five Star Bancorp during the second quarter worth about $34,000. Quarry LP acquired a new stake in Five Star Bancorp during the third quarter worth about $40,000. Raymond James Financial Inc. bought a new position in Five Star Bancorp in the second quarter worth about $64,000. Finally, Global Retirement Partners LLC bought a new position in Five Star Bancorp in the second quarter worth about $141,000. 46.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on FSBC. Stephens set a $51.00 target price on Five Star Bancorp in a report on Monday, July 27th. Weiss Ratings upgraded Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, August 11th. Zacks Research downgraded Five Star Bancorp from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. DA Davidson increased their target price on 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 raised their target price on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Five Star Bancorp has an average rating of “Hold” and an average price target of $45.20.

Five Star Bancorp Trading Up 0.8%

Shares of NASDAQ:FSBC opened at $45.28 on Thursday. The firm’s 50 day moving average is $47.26 and its two-hundred day moving average is $42.72. Five Star Bancorp has a 52 week low of $30.68 and a 52 week high of $50.26. The firm has a market capitalization of $1.11 billion, a P/E ratio of 13.40 and a beta of 0.53.

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

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.00 annualized dividend and a yield of 2.2%. Five Star Bancorp’s payout ratio is presently 29.59%.

Insider Activity at Five Star Bancorp

In other Five Star Bancorp news, Director Larry Eugene Allbaugh purchased 96,591 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average cost of $44.00 per share, with a total value of $4,250,004.00. Following the completion of the acquisition, the director owned 1,101,687 shares of the company’s stock, valued at approximately $48,474,228. This trade represents a 9.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Truxtun Perry-Smith purchased 31,363 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average cost of $44.00 per share, for a total transaction of $1,379,972.00. Following the completion of the acquisition, the director directly owned 258,898 shares of the company’s stock, valued at approximately $11,391,512. This trade represents a 13.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 142,727 shares of company stock worth $6,279,988 in the last ninety days. 21.79% of the stock is currently owned by corporate insiders.

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.