Endeavour Capital Advisors Inc. Has $1.53 Million Stake in Five Star Bancorp $FSBC

Endeavour Capital Advisors Inc. decreased its stake in shares of Five Star Bancorp (NASDAQ:FSBC) by 49.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 47,579 shares of the company’s stock after selling 45,700 shares during the quarter. Endeavour Capital Advisors Inc.’s holdings in Five Star Bancorp were worth $1,532,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Five Star Bancorp by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,904 shares of the company’s stock worth $275,000 after buying an additional 390 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Five Star Bancorp in the 1st quarter worth approximately $889,000. CWM LLC grew its holdings in shares of Five Star Bancorp by 375.9% during the 2nd quarter. CWM LLC now owns 1,047 shares of the company’s stock worth $30,000 after purchasing an additional 827 shares in the last quarter. AlphaQuest LLC increased its position in shares of Five Star Bancorp by 127.5% during the second quarter. AlphaQuest LLC now owns 17,383 shares of the company’s stock valued at $496,000 after purchasing an additional 9,743 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of Five Star Bancorp by 67.0% in the second quarter. Los Angeles Capital Management LLC now owns 26,935 shares of the company’s stock valued at $769,000 after purchasing an additional 10,808 shares in the last quarter. Institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Stock Performance

FSBC opened at $40.04 on Thursday. The firm’s 50-day simple moving average is $38.21 and its 200-day simple moving average is $34.92. Five Star Bancorp has a twelve month low of $22.22 and a twelve month high of $42.26. The firm has a market cap of $856.06 million, a price-to-earnings ratio of 13.81 and a beta of 0.52.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Monday, January 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06. The firm had revenue of $40.67 million during the quarter, compared to the consensus estimate of $42.58 million. Five Star Bancorp had a net margin of 24.11% and a return on equity of 14.73%. As a group, sell-side analysts anticipate that Five Star Bancorp will post 2.63 EPS for the current fiscal year.

Five Star Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were given a dividend of $0.25 per share. This is a boost from Five Star Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. Five Star Bancorp’s dividend payout ratio is currently 34.48%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Five Star Bancorp from $40.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Stephens downgraded shares of Five Star Bancorp from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a report on Monday, November 10th. DA Davidson upped their target price on shares of Five Star Bancorp from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Five Star Bancorp in a research report on Thursday, January 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $40.00 price objective (up from $34.00) on shares of Five Star Bancorp in a report on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Five Star Bancorp has an average rating of “Moderate Buy” and an average price target of $40.00.

About Five Star Bancorp

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.