Shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) have earned an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.25.
A number of brokerages recently issued reports on CSTR. Raymond James upgraded Capstar Financial from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday. ValuEngine upgraded Capstar Financial from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Compass Point upgraded Capstar Financial from a “sell” rating to a “neutral” rating and set a $17.00 target price on the stock in a report on Wednesday, October 17th. Zacks Investment Research cut Capstar Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 6th. Finally, Sandler O’Neill upgraded Capstar Financial from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, October 3rd.
In related news, insider Christopher G. Tietz acquired 2,000 shares of the business’s stock in a transaction on Monday, October 29th. The stock was purchased at an average cost of $14.96 per share, for a total transaction of $29,920.00. Following the completion of the transaction, the insider now directly owns 4,066 shares of the company’s stock, valued at approximately $60,827.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas R. Flynn acquired 9,000 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were bought at an average price of $17.44 per share, with a total value of $156,960.00. Following the completion of the transaction, the director now directly owns 936 shares of the company’s stock, valued at $16,323.84. The disclosure for this purchase can be found here. Insiders have acquired 44,667 shares of company stock valued at $756,366 over the last 90 days. Company insiders own 18.27% of the company’s stock.
A number of hedge funds have recently modified their holdings of CSTR. Dimensional Fund Advisors LP acquired a new stake in shares of Capstar Financial in the first quarter valued at approximately $818,000. Russell Investments Group Ltd. raised its position in shares of Capstar Financial by 7.7% in the first quarter. Russell Investments Group Ltd. now owns 56,176 shares of the bank’s stock valued at $1,058,000 after buying an additional 3,994 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. raised its position in shares of Capstar Financial by 2.0% in the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 289,186 shares of the bank’s stock valued at $5,359,000 after buying an additional 5,591 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Capstar Financial by 29.7% in the third quarter. Acadian Asset Management LLC now owns 25,525 shares of the bank’s stock valued at $426,000 after buying an additional 5,847 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Capstar Financial by 1.7% in the second quarter. BlackRock Inc. now owns 394,974 shares of the bank’s stock valued at $7,318,000 after buying an additional 6,421 shares in the last quarter. Hedge funds and other institutional investors own 35.31% of the company’s stock.
Shares of Capstar Financial stock opened at $14.71 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.96 and a current ratio of 1.01. The firm has a market cap of $174.56 million, a price-to-earnings ratio of 36.78 and a beta of 0.52. Capstar Financial has a 1-year low of $13.93 and a 1-year high of $22.22.
Capstar Financial (NASDAQ:CSTR) last announced its earnings results on Thursday, October 25th. The bank reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. Capstar Financial had a return on equity of 9.86% and a net margin of 14.98%. The firm had revenue of $14.76 million for the quarter, compared to the consensus estimate of $15.00 million. On average, research analysts forecast that Capstar Financial will post 1.1 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be paid a $0.04 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.16 annualized dividend and a yield of 1.09%. Capstar Financial’s dividend payout ratio (DPR) is currently 40.00%.
About Capstar Financial
CapStar Financial Holdings, Inc operates as the holding company for CapStar Bank that provides commercial banking services to consumer and corporate customers located primarily in Davidson, Sumner, Williamson, and the surrounding counties in Tennessee, the United States. It offers a range of deposit products and services, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.
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