Zacks Investment Research upgraded shares of Capstar Financial (NASDAQ:CSTR) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
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 banking 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 topic of a number of other research reports. Raymond James upgraded shares of 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, October 29th. Sandler O’Neill upgraded shares of Capstar Financial from a hold rating to a buy rating and set a $19.00 target price on the stock in a report on Wednesday, October 3rd. ValuEngine lowered shares of Capstar Financial from a hold rating to a sell rating in a report on Tuesday, August 28th. Finally, Compass Point upgraded shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $18.80.
CSTR opened at $15.58 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. Capstar Financial has a fifty-two week low of $13.93 and a fifty-two week high of $22.22. The stock has a market capitalization of $272.20 million, a P/E ratio of 13.85 and a beta of 0.91.
Capstar Financial (NASDAQ:CSTR) last posted its earnings results on Thursday, October 25th. The bank reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Capstar Financial had a net margin of 14.98% and a return on equity of 9.73%. The company had revenue of $14.76 million for the quarter, compared to analyst estimates of $15.00 million. Equities analysts forecast that Capstar Financial will post 1.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Tuesday, October 30th. Capstar Financial’s payout ratio is 40.00%.
In other news, insider Christopher G. Tietz acquired 2,000 shares of Capstar Financial stock in a transaction on Monday, October 29th. The stock was acquired at an average cost of $14.96 per share, with a total value of $29,920.00. Following the transaction, the insider now owns 4,066 shares of the company’s stock, valued at approximately $60,827.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis Bottorff acquired 29,000 shares of Capstar Financial stock in a transaction on Thursday, September 13th. The stock was purchased at an average cost of $16.90 per share, with a total value of $490,100.00. Following the completion of the transaction, the director now directly owns 231,196 shares in the company, valued at approximately $3,907,212.40. The disclosure for this purchase can be found here. Insiders acquired a total of 35,787 shares of company stock valued at $601,302 over the last ninety days. 18.27% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Capstar Financial by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 300,773 shares of the bank’s stock worth $5,023,000 after purchasing an additional 3,318 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. grew its position in Capstar Financial by 2.0% in the 2nd quarter. Elizabeth Park Capital Advisors Ltd. now owns 289,186 shares of the bank’s stock worth $5,359,000 after purchasing an additional 5,591 shares in the last quarter. Acadian Asset Management LLC grew its position in Capstar Financial by 29.7% in the 3rd quarter. Acadian Asset Management LLC now owns 25,525 shares of the bank’s stock worth $426,000 after purchasing an additional 5,847 shares in the last quarter. BlackRock Inc. grew its position in Capstar Financial by 1.7% in the 2nd quarter. BlackRock Inc. now owns 394,974 shares of the bank’s stock worth $7,318,000 after purchasing an additional 6,421 shares in the last quarter. Finally, Penn Capital Management Co. Inc. grew its position in Capstar Financial by 4.6% in the 3rd quarter. Penn Capital Management Co. Inc. now owns 185,713 shares of the bank’s stock worth $3,101,000 after purchasing an additional 8,130 shares in the last quarter. 24.16% of the stock is owned by institutional investors and hedge funds.
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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