BlackRock Discloses 5.0% Stake in FIVE STAR BANCORP
Ticker: FSBC · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1275168
| Field | Detail |
|---|---|
| Company | Five Star Bancorp (FSBC) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock still owns 5% of FIVE STAR BANCORP, showing continued institutional backing.**
AI Summary
BlackRock Inc., a major investment firm, reported its ownership of 1,029,957 shares of FIVE STAR BANCORP common stock as of December 31, 2023. This represents a 5.0% stake in the company, a slight decrease from previous filings. This matters to investors because BlackRock is a significant institutional holder, and changes in its position can signal its confidence (or lack thereof) in the bank's future performance, potentially influencing other investors.
Why It Matters
BlackRock's substantial, though slightly reduced, stake indicates continued institutional interest in FIVE STAR BANCORP, which can provide a level of stability and investor confidence.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for other shareholders.
Analyst Insight
Investors should note BlackRock's continued, albeit slightly reduced, institutional presence. While not a strong buy signal, it suggests a baseline level of confidence. Monitor future filings for significant changes in BlackRock's position, which could signal a shift in their outlook on FIVE STAR BANCORP.
Key Numbers
- 1,029,957 — Shares Owned (Total shares of FIVE STAR BANCORP common stock beneficially owned by BlackRock Inc.)
- 5.0% — Ownership Percentage (The percentage of FIVE STAR BANCORP's common stock owned by BlackRock Inc.)
- December 31, 2023 — Reporting Date (The date as of which BlackRock's ownership stake is being reported.)
Key Players & Entities
- BlackRock Inc. (company) — reporting person and institutional investor
- FIVE STAR BANCORP (company) — subject company whose shares are being reported
- 1,029,957 (dollar_amount) — number of shares beneficially owned by BlackRock
- 5.0% (dollar_amount) — percentage of class owned by BlackRock
- December 31, 2023 (person) — date of event requiring the filing
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially slightly adjusted, stake in FIVE STAR BANCORP. (BlackRock Inc.) — medium confidence, target: Next 12 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock Inc., a major investment management corporation, as stated in the 'FILED BY' section and on the cover page of the filing.
What is the subject company whose shares are being reported?
The subject company is FIVE STAR BANCORP, identified in the 'SUBJECT COMPANY' section and as the 'Name of Issuer' on the Schedule 13G form.
How many shares of FIVE STAR BANCORP common stock does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 1,029,957 shares of FIVE STAR BANCORP common stock, as indicated on the cover page of the filing.
What percentage of FIVE STAR BANCORP's common stock does BlackRock Inc. own?
BlackRock Inc. owns 5.0% of FIVE STAR BANCORP's common stock, as reported on the cover page of the Schedule 13G.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the Schedule 13G form.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 by December 31, 2023 regarding FIVE STAR BANCORP (FSBC).