XTX Topco Ltd Acquires Shares of 9,444 Five Star Bancorp (NASDAQ:FSBC)

XTX Topco Ltd acquired a new stake in Five Star Bancorp (NASDAQ:FSBC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,444 shares of the company’s stock, valued at approximately $263,000.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of Five Star Bancorp in the fourth quarter valued at about $60,000. GAMMA Investing LLC raised its holdings in shares of Five Star Bancorp by 8,240.7% in the first quarter. GAMMA Investing LLC now owns 2,252 shares of the company’s stock valued at $63,000 after buying an additional 2,225 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Five Star Bancorp by 91.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,987 shares of the company’s stock valued at $90,000 after buying an additional 1,427 shares during the last quarter. Deutsche Bank AG increased its stake in shares of 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 acquiring an additional 2,280 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Five Star Bancorp during the fourth quarter worth about $228,000. Institutional investors and hedge funds own 46.94% of the company’s stock.

Five Star Bancorp Price Performance

Shares of NASDAQ FSBC opened at $29.69 on Tuesday. Five Star Bancorp has a 12-month low of $22.22 and a 12-month high of $35.13. The company has a market capitalization of $634.48 million, a PE ratio of 12.12 and a beta of 0.51. The firm’s 50-day moving average is $29.13 and its two-hundred day moving average is $28.76.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. Five Star Bancorp had a net margin of 22.14% and a return on equity of 13.05%. The company had revenue of $38.33 million for the quarter, compared to the consensus estimate of $37.60 million. On average, analysts forecast that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, August 4th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. Five Star Bancorp’s dividend payout ratio is presently 32.65%.

Analysts Set New Price Targets

FSBC has been the topic of a number of recent analyst reports. DA Davidson boosted their price target on shares of Five Star Bancorp from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Raymond James Financial lowered their target price on shares of Five Star Bancorp from $35.00 to $31.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Citigroup restated an “outperform” rating on shares of Five Star Bancorp in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Five Star Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Monday, July 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Insider Activity

In related news, CEO James Eugene Beckwith sold 6,429 shares of the company’s 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 owned 469,952 shares of the company’s stock, valued at approximately $13,036,468.48. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 25.57% of the company’s stock.

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.