Sanctuary Advisors LLC Makes New Investment in Five Star Bancorp $FSBC

Sanctuary Advisors LLC bought a new position in shares of Five Star Bancorp (NASDAQ:FSBC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,604 shares of the company’s stock, valued at approximately $1,052,000.

A number of other hedge funds have also modified their holdings of FSBC. State of Wyoming purchased a new position in shares of Five Star Bancorp in the second quarter worth about $27,000. Globeflex Capital L P acquired a new position in Five Star Bancorp during the second quarter worth about $46,000. Russell Investments Group Ltd. purchased a new stake in Five Star Bancorp during the 2nd quarter valued at about $34,000. Quarry LP purchased a new stake in Five Star Bancorp during the 3rd quarter valued at about $40,000. Finally, Raymond James Financial Inc. purchased a new stake in Five Star Bancorp during the 2nd quarter valued at about $64,000. 46.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Five Star Bancorp

In other news, Director Kevin Francis Ramos purchased 5,682 shares of Five Star Bancorp stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of $44.00 per share, with a total value of $250,008.00. Following the transaction, the director owned 177,546 shares in the company, valued at $7,812,024. This represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna Lucas purchased 1,136 shares of Five Star Bancorp stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average cost of $44.00 per share, for a total transaction of $49,984.00. Following the transaction, the director owned 14,254 shares in the company, valued at approximately $627,176. This trade represents a 8.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 142,727 shares of company stock worth $6,279,988. Insiders own 21.79% of the company’s stock.

Five Star Bancorp Trading Down 0.0%

Shares of FSBC opened at $45.26 on Friday. Five Star Bancorp has a 12-month low of $30.68 and a 12-month high of $50.26. The firm has a 50-day moving average price of $47.27 and a 200 day moving average price of $42.75. The firm has a market capitalization of $1.11 billion, a P/E ratio of 13.39 and a beta of 0.53.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $47.95 million during the quarter, compared to analysts’ expectations of $47.72 million. Equities research analysts predict that Five Star Bancorp will post 3.52 earnings per share for the current fiscal year.

Five Star Bancorp Dividend Announcement

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

Analysts Set New Price Targets

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

Five Star Bancorp 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.