Capstar Financial Holdings Inc. (NASDAQ:CSTR) Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $21.15, for a total transaction of $42,300.00. Following the completion of the sale, the director now owns 211,821 shares in the company, valued at approximately $4,480,014.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Capstar Financial Holdings Inc. (NASDAQ CSTR) traded down $0.37 during trading on Friday, reaching $21.31. 22,079 shares of the company’s stock were exchanged, compared to its average volume of 21,820. Capstar Financial Holdings Inc. has a 1 year low of $16.00 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.95. The firm has a market capitalization of $242.06 and a price-to-earnings ratio of 21.25.
Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Monday, October 16th. The bank reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12. Capstar Financial had a net margin of 7.05% and a return on equity of 9.27%. The firm had revenue of $14.22 million for the quarter, compared to analyst estimates of $13.56 million. During the same quarter last year, the business posted $0.20 earnings per share. research analysts expect that Capstar Financial Holdings Inc. will post 0.36 earnings per share for the current year.
A number of analysts have weighed in on the stock. Stephens set a $17.00 target price on shares of Capstar Financial and gave the company a “hold” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.00 target price on shares of Capstar Financial in a research report on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Capstar Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.50.
Several hedge funds have recently added to or reduced their stakes in CSTR. SG Americas Securities LLC bought a new position in shares of Capstar Financial during the third quarter valued at $120,000. New York State Common Retirement Fund raised its stake in shares of Capstar Financial by 410.8% during the second quarter. New York State Common Retirement Fund now owns 9,200 shares of the bank’s stock valued at $163,000 after acquiring an additional 7,399 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Capstar Financial by 43.3% during the third quarter. Wells Fargo & Company MN now owns 10,177 shares of the bank’s stock valued at $199,000 after acquiring an additional 3,077 shares during the last quarter. Huber Capital Management LLC bought a new position in shares of Capstar Financial during the second quarter valued at $211,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Capstar Financial during the second quarter valued at $268,000. 35.64% of the stock is owned by hedge funds and other institutional investors.
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Capstar Financial 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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