Capstar Financial Holdings Inc. (CSTR) Stake Decreased by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its position in Capstar Financial Holdings Inc. (NASDAQ:CSTR) by 8.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 322,500 shares of the bank’s stock after selling 31,484 shares during the period. Hennessy Advisors Inc. owned approximately 2.84% of Capstar Financial Holdings worth $6,315,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. raised its holdings in Capstar Financial Holdings by 44.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,450 shares of the bank’s stock worth $381,000 after buying an additional 6,000 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Capstar Financial Holdings by 146.8% during the second quarter. California State Teachers Retirement System now owns 15,300 shares of the bank’s stock valued at $271,000 after purchasing an additional 9,100 shares during the last quarter. State Street Corp raised its holdings in shares of Capstar Financial Holdings by 84.9% during the second quarter. State Street Corp now owns 73,650 shares of the bank’s stock valued at $1,308,000 after purchasing an additional 33,826 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Capstar Financial Holdings by 20,308.2% during the second quarter. Royal Bank of Canada now owns 20,000 shares of the bank’s stock valued at $355,000 after purchasing an additional 19,902 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Capstar Financial Holdings by 10.6% during the second quarter. Goldman Sachs Group Inc. now owns 30,673 shares of the bank’s stock valued at $544,000 after purchasing an additional 2,943 shares during the last quarter. 36.35% of the stock is owned by institutional investors and hedge funds.

In related news, Director Julie D. Frist sold 2,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $19.50, for a total transaction of $39,000.00. Following the completion of the transaction, the director now owns 211,821 shares in the company, valued at $4,130,509.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Gaylon M. Jr. Lawrence bought 21,208 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were bought at an average price of $20.38 per share, with a total value of $432,219.04. The disclosure for this purchase can be found here. Corporate insiders own 19.28% of the company’s stock.

Capstar Financial Holdings Inc. (NASDAQ CSTR) traded up $0.04 on Monday, hitting $20.33. 16,200 shares of the company’s stock were exchanged, compared to its average volume of 35,988. The company has a market capitalization of $230.93, a price-to-earnings ratio of 19.93 and a beta of 1.41. Capstar Financial Holdings Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $22.35. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Capstar Financial Holdings (NASDAQ:CSTR) last posted its quarterly earnings results on Monday, October 16th. The bank reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.12. The business had revenue of $14.22 million during the quarter, compared to analyst estimates of $13.56 million. Capstar Financial Holdings had a net margin of 7.05% and a return on equity of 9.27%. During the same period in the prior year, the business posted $0.20 earnings per share. equities research analysts expect that Capstar Financial Holdings Inc. will post 0.36 EPS for the current year.

Several research firms have recently weighed in on CSTR. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.00 price objective on shares of Capstar Financial Holdings in a report on Tuesday, October 3rd. Sandler O’Neill lowered shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating and cut their target price for the company from $21.00 to $19.00 in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Capstar Financial Holdings from a “buy” rating to a “sell” rating in a research report on Thursday, August 3rd. ValuEngine lowered shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Stephens set a $17.00 target price on shares of Capstar Financial Holdings and gave the company a “hold” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Capstar Financial Holdings currently has a consensus rating of “Hold” and an average price target of $18.50.

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About Capstar Financial Holdings

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.

Institutional Ownership by Quarter for Capstar Financial Holdings (NASDAQ:CSTR)

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