Zacks Investment Research upgraded shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) from a sell rating to a hold rating in a report released on Monday.
According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers baking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “
CSTR has been the subject of a number of other reports. ValuEngine lowered Capstar Financial Holdings from a buy rating to a hold rating in a report on Friday, September 1st. Stephens set a $17.00 price objective on Capstar Financial Holdings and gave the stock a hold rating in a report on Monday, August 14th. Finally, Sandler O’Neill lowered Capstar Financial Holdings from a buy rating to a hold rating and decreased their price objective for the stock from $21.00 to $19.00 in a report on Tuesday, August 1st. Seven investment analysts have rated the stock with a hold rating, Capstar Financial Holdings currently has an average rating of Hold and an average price target of $18.80.
Shares of Capstar Financial Holdings (NASDAQ:CSTR) traded down 0.77% during trading on Monday, reaching $19.35. The company had a trading volume of 6,336 shares. The stock has a market capitalization of $217.51 million and a PE ratio of 109.32. Capstar Financial Holdings has a 12 month low of $15.90 and a 12 month high of $22.35. The stock’s 50-day moving average price is $18.45 and its 200-day moving average price is $18.45.
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In other news, Director Dale W. Polley bought 3,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of $16.99 per share, for a total transaction of $50,970.00. Following the completion of the transaction, the director now directly owns 5,704 shares of the company’s stock, valued at approximately $96,910.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher G. Tietz bought 2,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average price of $17.00 per share, with a total value of $34,000.00. Following the completion of the transaction, the insider now directly owns 5,100 shares of the company’s stock, valued at $86,700. The disclosure for this purchase can be found here. Corporate insiders own 19.28% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSTR. Russell Investments Group Ltd. lifted its position in Capstar Financial Holdings by 4.8% in the first quarter. Russell Investments Group Ltd. now owns 49,731 shares of the bank’s stock worth $948,000 after purchasing an additional 2,268 shares during the period. Wells Fargo & Company MN acquired a new stake in Capstar Financial Holdings in the first quarter worth approximately $135,000. Raymond James Financial Services Advisors Inc. lifted its position in Capstar Financial Holdings by 52.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,459 shares of the bank’s stock worth $295,000 after purchasing an additional 5,350 shares during the period. Wellington Management Group LLP lifted its position in Capstar Financial Holdings by 1.0% in the first quarter. Wellington Management Group LLP now owns 183,206 shares of the bank’s stock worth $3,494,000 after purchasing an additional 1,849 shares during the period. Finally, Elizabeth Park Capital Advisors Ltd. lifted its position in Capstar Financial Holdings by 88.3% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 207,472 shares of the bank’s stock worth $3,957,000 after purchasing an additional 97,272 shares during the period. Hedge funds and other institutional investors own 35.44% of the company’s stock.
Capstar Financial Holdings Company Profile
CapStar Financial Holdings, Inc is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking.
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