Pacific Ridge Capital Partners LLC Sells 86,717 Shares of Five Star Bancorp (NASDAQ:FSBC)

Pacific Ridge Capital Partners LLC trimmed its position in shares of Five Star Bancorp (NASDAQ:FSBC) by 32.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 183,608 shares of the company’s stock after selling 86,717 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Five Star Bancorp were worth $5,525,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Five Star Bancorp by 7.2% during the third quarter. Geode Capital Management LLC now owns 377,347 shares of the company’s stock worth $11,221,000 after purchasing an additional 25,374 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Five Star Bancorp by 201.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,449 shares of the company’s stock worth $3,997,000 after buying an additional 89,834 shares in the last quarter. Barclays PLC boosted its stake in shares of Five Star Bancorp by 332.1% in the 3rd quarter. Barclays PLC now owns 25,112 shares of the company’s stock worth $746,000 after buying an additional 19,301 shares during the last quarter. State Street Corp grew its holdings in shares of Five Star Bancorp by 21.7% in the third quarter. State Street Corp now owns 373,173 shares of the company’s stock valued at $11,094,000 after acquiring an additional 66,602 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Five Star Bancorp by 81.5% during the third quarter. JPMorgan Chase & Co. now owns 23,489 shares of the company’s stock valued at $698,000 after acquiring an additional 10,547 shares during the last quarter. Institutional investors own 46.94% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods cut their price objective on 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. Raymond James reissued an “outperform” rating and issued a $35.00 price target (down from $38.00) on shares of Five Star Bancorp in a report on Wednesday, January 29th. DA Davidson restated a “buy” rating and set a $38.50 price objective on shares of Five Star Bancorp in a report on Thursday, January 30th. Finally, Stephens reiterated an “overweight” rating and issued a $37.00 target price on shares of Five Star Bancorp in a research note on Tuesday, January 28th.

Five Star Bancorp Price Performance

Shares of FSBC opened at $28.45 on Thursday. Five Star Bancorp has a 1 year low of $21.10 and a 1 year high of $35.13. The stock’s fifty day moving average price is $29.97 and its two-hundred day moving average price is $30.52. The firm has a market cap of $606.81 million, a PE ratio of 12.48 and a beta of 0.48.

Five Star Bancorp (NASDAQ:FSBC) last released its quarterly earnings data on Monday, January 27th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Five Star Bancorp had a net margin of 21.40% and a return on equity of 12.89%. Sell-side analysts anticipate that Five Star Bancorp will post 2.63 earnings per share for the current fiscal year.

Five Star Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Monday, February 3rd. Five Star Bancorp’s payout ratio is currently 35.09%.

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.