Five Star Bancorp (NASDAQ:FSBC) Stake Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Five Star Bancorp (NASDAQ:FSBC) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,965 shares of the company’s stock after selling 2,470 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Five Star Bancorp were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FSBC. BNP Paribas Financial Markets bought a new stake in shares of Five Star Bancorp during the fourth quarter valued at approximately $60,000. KLP Kapitalforvaltning AS bought a new stake in Five Star Bancorp during the fourth quarter worth approximately $108,000. Intech Investment Management LLC bought a new stake in Five Star Bancorp during the fourth quarter worth approximately $217,000. Deutsche Bank AG raised its holdings in Five Star Bancorp by 44.8% during the fourth quarter. Deutsche Bank AG now owns 7,366 shares of the company’s stock worth $222,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Five Star Bancorp during the fourth quarter worth approximately $228,000. Institutional investors own 46.94% of the company’s stock.

Insiders Place Their Bets

In other Five Star Bancorp news, CEO James Eugene Beckwith sold 6,429 shares of Five Star Bancorp stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $27.74, for a total transaction of $178,340.46. Following the transaction, the chief executive officer now directly owns 469,952 shares in the company, valued at approximately $13,036,468.48. The trade was a 1.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.70% of the company’s stock.

Five Star Bancorp Stock Performance

Five Star Bancorp stock opened at $28.30 on Thursday. The firm has a market cap of $603.61 million, a price-to-earnings ratio of 12.41 and a beta of 0.51. Five Star Bancorp has a 1 year low of $22.22 and a 1 year high of $35.13. The firm’s 50 day moving average price is $27.45 and its two-hundred day moving average price is $29.34.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $35.34 million for the quarter, compared to analyst estimates of $35.27 million. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. As a group, equities analysts predict that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, May 5th. Five Star Bancorp’s payout ratio is 35.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Raymond James dropped their target price on Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Citigroup reissued an “outperform” rating on shares of Five Star Bancorp in a report on Wednesday, April 30th. Finally, DA Davidson dropped their target price on Five Star Bancorp from $38.50 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.00.

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.