Endeavour Capital Advisors Inc. Sells 8,700 Shares of Five Star Bancorp (NASDAQ:FSBC)

Endeavour Capital Advisors Inc. reduced its position in Five Star Bancorp (NASDAQ:FSBC) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,196 shares of the company’s stock after selling 8,700 shares during the quarter. Five Star Bancorp accounts for approximately 0.9% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 29th biggest holding. Endeavour Capital Advisors Inc. owned approximately 0.44% of Five Star Bancorp worth $2,834,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Five Star Bancorp during the 4th quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Five Star Bancorp during the third quarter worth $109,000. Intech Investment Management LLC bought a new position in shares of Five Star Bancorp in the fourth quarter worth about $217,000. SG Americas Securities LLC increased its stake in Five Star Bancorp by 18.7% in the 4th quarter. SG Americas Securities LLC now owns 7,261 shares of the company’s stock worth $218,000 after buying an additional 1,143 shares during the period. Finally, PDT Partners LLC purchased a new position in Five Star Bancorp in the 3rd quarter worth about $244,000. Institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Trading Up 0.2 %

Shares of NASDAQ:FSBC opened at $27.86 on Wednesday. The company has a market capitalization of $594.23 million, a PE ratio of 12.22 and a beta of 0.48. Five Star Bancorp has a 12-month low of $21.10 and a 12-month high of $35.13. The business’s fifty day simple moving average is $29.78 and its 200-day simple moving average is $30.51.

Five Star Bancorp (NASDAQ:FSBC) last announced its earnings results on Monday, January 27th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. Research analysts predict that Five Star Bancorp will post 2.63 EPS for the current year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Monday, February 3rd. Five Star Bancorp’s payout ratio is presently 35.09%.

Insider Activity

In other news, Director Donna Lucas bought 2,650 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $28.43 per share, with a total value of $75,339.50. Following the transaction, the director now directly owns 12,076 shares in the company, valued at approximately $343,320.68. The trade was a 28.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James Eugene Beckwith sold 4,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $30.25, for a total value of $121,000.00. Following the sale, the chief executive officer now owns 476,381 shares in the company, valued at approximately $14,410,525.25. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 25.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Five Star Bancorp from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. DA Davidson reaffirmed a “buy” rating and set a $38.50 target price on shares of Five Star Bancorp in a research report on Thursday, January 30th. Stephens reissued an “overweight” rating and set a $37.00 price target on shares of Five Star Bancorp in a research report on Tuesday, January 28th. Finally, Raymond James restated an “outperform” rating and issued a $35.00 price objective (down from $38.00) on shares of Five Star Bancorp in a report on Wednesday, January 29th.

Five Star Bancorp 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.