Banc Funds Co. LLC Lowers Stake in Five Star Bancorp (NASDAQ:FSBC)

Banc Funds Co. LLC lessened its holdings in Five Star Bancorp (NASDAQ:FSBC) by 8.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 148,919 shares of the company’s stock after selling 13,000 shares during the quarter. Banc Funds Co. LLC’s holdings in Five Star Bancorp were worth $4,427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FSBC. Vanguard Group Inc. grew its holdings in Five Star Bancorp by 31.9% in the first quarter. Vanguard Group Inc. now owns 713,950 shares of the company’s stock valued at $16,064,000 after purchasing an additional 172,507 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Five Star Bancorp by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,138 shares of the company’s stock valued at $770,000 after acquiring an additional 797 shares during the period. Bank of New York Mellon Corp increased its holdings in Five Star Bancorp by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 88,589 shares of the company’s stock worth $2,095,000 after acquiring an additional 8,991 shares in the last quarter. Rhumbline Advisers raised its position in Five Star Bancorp by 30.3% during the second quarter. Rhumbline Advisers now owns 23,856 shares of the company’s stock worth $564,000 after acquiring an additional 5,542 shares during the period. Finally, TD Asset Management Inc lifted its holdings in Five Star Bancorp by 26.2% during the second quarter. TD Asset Management Inc now owns 57,696 shares of the company’s stock valued at $1,365,000 after purchasing an additional 11,990 shares in the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Five Star Bancorp Stock Down 0.6 %

Shares of NASDAQ FSBC opened at $32.95 on Monday. The firm has a market cap of $702.49 million, a price-to-earnings ratio of 14.45 and a beta of 0.41. The company’s 50-day simple moving average is $30.88 and its 200-day simple moving average is $27.74. Five Star Bancorp has a 52-week low of $21.10 and a 52-week high of $35.13.

Five Star Bancorp (NASDAQ:FSBC) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Five Star Bancorp had a net margin of 21.35% and a return on equity of 12.80%. The company had revenue of $54.05 million during the quarter. During the same quarter in the previous year, the company earned $0.64 earnings per share. Equities research analysts anticipate that Five Star Bancorp will post 2.16 EPS for the current fiscal year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, November 4th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, November 4th. Five Star Bancorp’s dividend payout ratio is presently 35.09%.

Insider Buying and Selling

In other Five Star Bancorp news, SVP Michael Eugene Lee sold 1,500 shares of Five Star Bancorp stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the sale, the senior vice president now owns 36,765 shares of the company’s stock, valued at $1,127,582.55. The trade was a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 25.57% of the stock is owned by company insiders.

About Five Star Bancorp

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.