Maltese Capital Management LLC Sells 117,400 Shares of Five Star Bancorp $FSBC

Maltese Capital Management LLC cut its holdings in shares of Five Star Bancorp (NASDAQ:FSBC) by 42.3% in the 4th quarter, Holdings Channel reports. The firm owned 160,000 shares of the company’s stock after selling 117,400 shares during the period. Maltese Capital Management LLC’s holdings in Five Star Bancorp were worth $5,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Five Star Bancorp during the second quarter worth $34,000. Quarry LP bought a new stake in Five Star Bancorp during the third quarter worth $40,000. Raymond James Financial Inc. bought a new stake in Five Star Bancorp during the second quarter worth $64,000. State of Alaska Department of Revenue lifted its stake in Five Star Bancorp by 154.6% during the fourth quarter. State of Alaska Department of Revenue now owns 2,177 shares of the company’s stock worth $77,000 after purchasing an additional 1,322 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Five Star Bancorp by 65.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $98,000 after purchasing an additional 1,359 shares during the last quarter. 46.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FSBC shares. DA Davidson upped their target price on Five Star Bancorp from $45.00 to $48.50 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Stephens increased their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods increased their price target on Five Star Bancorp from $41.00 to $43.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Five Star Bancorp in a research note on Monday, June 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Five Star Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

Five Star Bancorp Stock Performance

Shares of FSBC opened at $43.88 on Tuesday. Five Star Bancorp has a 52 week low of $26.20 and a 52 week high of $45.48. The stock has a market capitalization of $938.15 million, a price-to-earnings ratio of 13.93 and a beta of 0.54. The stock has a fifty day moving average of $41.41 and a 200-day moving average of $39.06.

Five Star Bancorp (NASDAQ:FSBC) last announced its quarterly earnings results on Friday, February 27th. The company reported $0.83 EPS for the quarter. Five Star Bancorp had a return on equity of 15.32% and a net margin of 25.23%.The company had revenue of $43.47 million during the quarter. As a group, equities analysts forecast that Five Star Bancorp will post 3.58 EPS for the current year.

Five Star Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, May 4th. Five Star Bancorp’s dividend payout ratio is presently 31.75%.

Insider Buying and Selling

In related news, CEO James Eugene Beckwith sold 6,428 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $41.23, for a total transaction of $265,026.44. Following the completion of the transaction, the chief executive officer directly owned 466,586 shares of the company’s stock, valued at $19,237,340.78. This trade represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brett Levi Wait sold 2,583 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $41.11, for a total value of $106,187.13. Following the transaction, the senior vice president directly owned 17,608 shares of the company’s stock, valued at approximately $723,864.88. This represents a 12.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,692 shares of company stock valued at $524,640 in the last three months. Insiders own 21.79% of the company’s stock.

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.