Curi RMB Capital LLC Cuts Position in Five Star Bancorp (NASDAQ:FSBC)

Curi RMB Capital LLC lessened its holdings in shares of Five Star Bancorp (NASDAQ:FSBC) by 61.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,000 shares of the company’s stock after selling 79,651 shares during the quarter. Curi RMB Capital LLC owned 0.23% of Five Star Bancorp worth $1,486,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FSBC. Acadian Asset Management LLC acquired a new position in shares of Five Star Bancorp during the 2nd quarter valued at $124,000. SG Americas Securities LLC purchased a new stake in shares of Five Star Bancorp in the third quarter worth about $182,000. Inspire Investing LLC acquired a new stake in shares of Five Star Bancorp in the third quarter valued at about $414,000. Interval Partners LP purchased a new stake in shares of Five Star Bancorp during the 1st quarter valued at about $450,000. Finally, Swiss National Bank lifted its position in Five Star Bancorp by 8.3% during the 1st quarter. Swiss National Bank now owns 22,096 shares of the company’s stock worth $497,000 after acquiring an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 46.94% of the company’s stock.

Analyst Upgrades and Downgrades

FSBC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Five Star Bancorp from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. DA Davidson boosted their price objective on shares of Five Star Bancorp from $27.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Stephens upped their price objective on shares of Five Star Bancorp from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, July 26th.

Insiders Place Their Bets

In related news, SVP Michael Eugene Lee sold 1,500 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $30.67, for a total transaction of $46,005.00. Following the completion of the sale, the senior vice president now owns 36,765 shares of the company’s stock, valued at $1,127,582.55. This represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 25.57% of the stock is owned by corporate insiders.

Five Star Bancorp Price Performance

FSBC opened at $32.80 on Friday. The stock has a market capitalization of $699.30 million, a PE ratio of 14.39 and a beta of 0.41. Five Star Bancorp has a 12-month low of $20.34 and a 12-month high of $35.13. The firm’s fifty day moving average price is $30.21 and its 200 day moving average price is $26.95.

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

Five Star Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.80 annualized dividend and a yield of 2.44%. Five Star Bancorp’s payout ratio is 35.09%.

Five Star Bancorp Company 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.