Quantbot Technologies LP Makes New $592,000 Investment in Five Star Bancorp $FSBC

Quantbot Technologies LP purchased a new stake in shares of Five Star Bancorp (NASDAQ:FSBC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,155 shares of the company’s stock, valued at approximately $592,000.

A number of other hedge funds have also modified their holdings of the company. State of Wyoming acquired a new stake in shares of Five Star Bancorp during the second quarter worth about $27,000. Russell Investments Group Ltd. acquired a new position in Five Star Bancorp in the 2nd quarter worth approximately $34,000. Quarry LP purchased a new position in Five Star Bancorp during the 3rd quarter worth approximately $40,000. Raymond James Financial Inc. purchased a new position in Five Star Bancorp during the 2nd quarter worth approximately $64,000. Finally, Tower Research Capital LLC TRC lifted its stake in Five Star Bancorp by 65.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock valued at $98,000 after acquiring an additional 1,359 shares during the period. 46.94% of the stock is owned by institutional investors and hedge funds.

Five Star Bancorp Stock Performance

FSBC stock opened at $45.26 on Friday. Five Star Bancorp has a one year low of $30.68 and a one year high of $50.26. The firm’s fifty day moving average is $47.27 and its 200 day moving average is $42.75. The firm has a market cap of $1.11 billion, a PE ratio of 13.39 and a beta of 0.53.

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

Five Star Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FSBC. Weiss Ratings upgraded shares of Five Star Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, August 11th. Zacks Research lowered shares of Five Star Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Stephens set a $51.00 price objective on Five Star Bancorp in a report on Monday, July 27th. Keefe, Bruyette & Woods upped their target price on Five Star Bancorp from $41.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Finally, DA Davidson lifted their price target on Five Star Bancorp from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.20.

Insiders Place Their Bets

In other Five Star Bancorp news, Director Judson Teichert Riggs bought 2,273 shares of Five Star Bancorp stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average cost of $44.00 per share, with a total value of $100,012.00. Following the purchase, the director directly owned 87,531 shares in the company, valued at $3,851,364. This represents a 2.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin Francis Ramos bought 5,682 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average price of $44.00 per share, for a total transaction of $250,008.00. Following the transaction, the director directly owned 177,546 shares in the company, valued at approximately $7,812,024. This represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 142,727 shares of company stock valued at $6,279,988. 21.79% of the stock is owned by 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.