Jacobs Levy Equity Management Inc. Sells 2,404 Shares of Five Star Bancorp (NASDAQ:FSBC)

Jacobs Levy Equity Management Inc. trimmed its holdings in Five Star Bancorp (NASDAQ:FSBC) by 17.1% in the 3rd quarter, Holdings Channel reports. The fund owned 11,639 shares of the company’s stock after selling 2,404 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Five Star Bancorp were worth $346,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FSBC. Davis Asset Management L.P. increased its stake in shares of Five Star Bancorp by 3.4% during the second quarter. Davis Asset Management L.P. now owns 1,511,500 shares of the company’s stock valued at $35,747,000 after purchasing an additional 50,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Five Star Bancorp by 31.9% in the 1st quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock worth $16,064,000 after buying an additional 172,507 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Five Star Bancorp by 32.4% during the second quarter. Dimensional Fund Advisors LP now owns 160,558 shares of the company’s stock valued at $3,797,000 after buying an additional 39,256 shares during the last quarter. Brighton Jones LLC boosted its holdings in Five Star Bancorp by 0.3% in the third quarter. Brighton Jones LLC now owns 141,342 shares of the company’s stock worth $4,202,000 after acquiring an additional 401 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Five Star Bancorp by 201.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after acquiring an additional 89,834 shares during the last quarter. 46.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target on Five Star Bancorp from $33.00 to $37.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Insider Activity at Five Star Bancorp

In related news, SVP Michael Eugene Lee sold 1,500 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now owns 36,765 shares in the company, valued at approximately $1,127,582.55. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.57% of the stock is owned by insiders.

Five Star Bancorp Trading Down 0.7 %

FSBC stock opened at $32.81 on Tuesday. The stock’s 50 day simple moving average is $31.33 and its 200 day simple moving average is $28.19. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13. The stock has a market capitalization of $699.51 million, a PE ratio of 14.39 and a beta of 0.45.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, October 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. The business had revenue of $54.05 million for the quarter. During the same quarter in the previous year, the business earned $0.64 earnings per share. On average, research analysts predict that Five Star Bancorp will post 2.19 earnings per share for the current year.

Five Star Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. Five Star Bancorp’s payout ratio is 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.