Alliancebernstein L.P. Lowers Holdings in Five Star Bancorp (NASDAQ:FSBC)

Alliancebernstein L.P. lowered its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 9.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,430 shares of the company’s stock after selling 860 shares during the period. Alliancebernstein L.P.’s holdings in Five Star Bancorp were worth $254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FSBC. Vanguard Group Inc. raised its position in Five Star Bancorp by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 840,142 shares of the company’s stock valued at $25,280,000 after acquiring an additional 13,001 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Five Star Bancorp by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock valued at $11,221,000 after purchasing an additional 25,374 shares during the period. State Street Corp boosted its holdings in Five Star Bancorp by 21.7% during the third quarter. State Street Corp now owns 373,173 shares of the company’s stock worth $11,094,000 after buying an additional 66,602 shares in the last quarter. American Century Companies Inc. grew its position in Five Star Bancorp by 31.1% during the fourth quarter. American Century Companies Inc. now owns 261,494 shares of the company’s stock valued at $7,868,000 after buying an additional 62,041 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Five Star Bancorp by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 138,409 shares of the company’s stock valued at $4,165,000 after buying an additional 3,960 shares in the last quarter. Institutional investors and hedge funds own 46.94% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FSBC shares. Keefe, Bruyette & Woods cut their price target on 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. DA Davidson reiterated a “buy” rating and set a $38.50 price objective on shares of Five Star Bancorp in a research note on Thursday, January 30th. Raymond James restated an “outperform” rating and issued a $35.00 target price (down previously from $38.00) on shares of Five Star Bancorp in a research report on Wednesday, January 29th. Finally, Stephens reiterated an “overweight” rating and set a $37.00 price target on shares of Five Star Bancorp in a research report on Tuesday, January 28th.

Five Star Bancorp Trading Down 0.5 %

FSBC opened at $26.27 on Tuesday. The firm has a market capitalization of $560.31 million, a PE ratio of 11.52 and a beta of 0.52. Five Star Bancorp has a twelve month low of $21.37 and a twelve month high of $35.13. The firm’s 50-day moving average price is $28.34 and its 200 day moving average price is $30.12.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.05%. Five Star Bancorp’s dividend payout ratio is presently 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.