Sanctuary Advisors LLC Invests $1.05 Million in Five Star Bancorp $FSBC

Sanctuary Advisors LLC bought a new stake in shares of Five Star Bancorp (NASDAQ:FSBC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,604 shares of the company’s stock, valued at approximately $1,052,000. Sanctuary Advisors LLC owned approximately 0.09% of Five Star Bancorp at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Five Star Bancorp by 12.0% during the first quarter. Dimensional Fund Advisors LP now owns 321,938 shares of the company’s stock worth $12,143,000 after buying an additional 34,396 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in Five Star Bancorp by 14.8% in the fourth quarter. Kennedy Capital Management LLC now owns 438,831 shares of the company’s stock valued at $15,701,000 after buying an additional 56,412 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in Five Star Bancorp by 24.9% in the first quarter. Deprince Race & Zollo Inc. now owns 155,274 shares of the company’s stock valued at $5,857,000 after buying an additional 30,936 shares in the last quarter. Inspire Investing LLC raised its position in shares of Five Star Bancorp by 348.0% in the first quarter. Inspire Investing LLC now owns 58,627 shares of the company’s stock worth $2,211,000 after acquiring an additional 45,541 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Five Star Bancorp in the second quarter worth about $1,642,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Five Star Bancorp Stock Performance

Shares of NASDAQ FSBC opened at $45.26 on Friday. The firm has a fifty day moving average of $47.27 and a 200 day moving average of $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 has a one year low of $30.68 and a one year high of $50.26.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $47.72 million. On average, equities analysts predict that Five Star Bancorp will post 3.52 EPS for the current fiscal year.

Five Star Bancorp Dividend Announcement

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

Insider Transactions at Five Star Bancorp

In other news, Director Larry Eugene Allbaugh bought 96,591 shares of Five Star Bancorp stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average price of $44.00 per share, with a total value of $4,250,004.00. Following the completion of the acquisition, the director directly owned 1,101,687 shares of the company’s stock, valued at $48,474,228. The trade was a 9.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judson Teichert Riggs bought 2,273 shares of Five Star Bancorp stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, with a total value of $100,012.00. Following the acquisition, the director directly owned 87,531 shares of the company’s stock, valued at approximately $3,851,364. The trade was a 2.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 142,727 shares of company stock worth $6,279,988 in the last three months. 21.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.