Brighton Jones LLC Sells 12,000 Shares of Five Star Bancorp (NASDAQ:FSBC)

Brighton Jones LLC decreased its position in Five Star Bancorp (NASDAQ:FSBC) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,155 shares of the company’s stock after selling 12,000 shares during the quarter. Brighton Jones LLC owned 0.84% of Five Star Bancorp worth $3,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in shares of Five Star Bancorp in the 4th quarter worth approximately $56,000. New York State Common Retirement Fund boosted its holdings in shares of Five Star Bancorp by 103.1% in the 3rd quarter. New York State Common Retirement Fund now owns 6,702 shares of the company’s stock worth $134,000 after purchasing an additional 3,402 shares during the period. SG Americas Securities LLC purchased a new position in shares of Five Star Bancorp in the 4th quarter worth approximately $144,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Five Star Bancorp by 6.8% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 185,732 shares of the company’s stock worth $3,726,000 after purchasing an additional 11,757 shares during the period. Finally, EPIQ Capital Group LLC purchased a new position in shares of Five Star Bancorp in the 3rd quarter worth approximately $297,000. Institutional investors own 46.94% of the company’s stock.

Insider Buying and Selling at Five Star Bancorp

In other news, Director Robert Truxtun Perry-Smith purchased 80,460 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were acquired at an average price of $21.75 per share, for a total transaction of $1,750,005.00. Following the purchase, the director now owns 227,638 shares in the company, valued at $4,951,126.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 25.57% of the company’s stock.

Five Star Bancorp Stock Up 0.1 %

NASDAQ:FSBC traded up $0.03 during mid-day trading on Tuesday, hitting $21.62. 69,564 shares of the company’s stock traded hands, compared to its average volume of 35,777. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day moving average of $22.67 and a 200 day moving average of $23.02. The company has a market capitalization of $375.11 million, a P/E ratio of 7.79 and a beta of 0.37. Five Star Bancorp has a twelve month low of $17.74 and a twelve month high of $28.25.

Five Star Bancorp (NASDAQ:FSBC) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The business had revenue of $49.37 million for the quarter. Five Star Bancorp had a return on equity of 17.52% and a net margin of 26.24%. During the same quarter in the previous year, the firm posted $0.77 EPS. On average, analysts forecast that Five Star Bancorp will post 2.23 EPS for the current year.

Five Star Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.80 annualized dividend and a yield of 3.70%. Five Star Bancorp’s payout ratio is presently 28.78%.

Analyst Ratings Changes

A number of research firms recently issued reports on FSBC. Keefe, Bruyette & Woods restated a “market perform” rating and set a $27.00 price objective on shares of Five Star Bancorp in a report on Monday, April 1st. DA Davidson reaffirmed a “buy” rating and set a $29.00 target price on shares of Five Star Bancorp in a research report on Tuesday.

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.