Corebridge Financial Inc. Has $250,000 Stock Holdings in Five Star Bancorp (NASDAQ:FSBC)

Corebridge Financial Inc. lowered its holdings in shares of Five Star Bancorp (NASDAQ:FSBC) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,293 shares of the company’s stock after selling 626 shares during the period. Corebridge Financial Inc.’s holdings in Five Star Bancorp were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FSBC. Vanguard Group Inc. boosted its position in Five Star Bancorp by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 840,142 shares of the company’s stock valued at $25,280,000 after buying an additional 13,001 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Five Star Bancorp during the 4th quarter worth about $108,000. Sei Investments Co. bought a new position in Five Star Bancorp in the fourth quarter valued at approximately $289,000. American Century Companies Inc. increased its holdings in Five Star Bancorp by 31.1% in the fourth quarter. American Century Companies Inc. now owns 261,494 shares of the company’s stock valued at $7,868,000 after purchasing an additional 62,041 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Five Star Bancorp during the fourth quarter valued at approximately $217,000. Institutional investors own 46.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FSBC. Stephens reissued an “overweight” rating and set a $37.00 target price on shares of Five Star Bancorp in a research note on Tuesday, January 28th. Raymond James restated an “outperform” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Five Star Bancorp in a report on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their target price on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $38.50 target price on shares of Five Star Bancorp in a report on Thursday, January 30th.

Insider Transactions at Five Star Bancorp

In related news, Director Donna Lucas purchased 2,650 shares of Five Star Bancorp stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $28.43 per share, for a total transaction of $75,339.50. Following the transaction, the director now owns 12,076 shares of the company’s stock, valued at approximately $343,320.68. This represents a 28.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO James Eugene Beckwith sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. Following the completion of the sale, the chief executive officer now owns 476,381 shares in the company, valued at $14,410,525.25. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 25.57% of the company’s stock.

Five Star Bancorp Trading Up 0.2 %

Shares of NASDAQ FSBC opened at $25.19 on Friday. Five Star Bancorp has a 1-year low of $21.16 and a 1-year high of $35.13. The firm has a market cap of $537.28 million, a P/E ratio of 11.05 and a beta of 0.52. The business’s 50 day moving average is $28.89 and its 200-day moving average is $30.22.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, January 27th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a return on equity of 12.89% and a net margin of 21.40%. Analysts forecast that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.18%. The ex-dividend date was Monday, February 3rd. Five Star Bancorp’s dividend payout ratio (DPR) is presently 35.09%.

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.