Capstar Financial Holdings Inc (NASDAQ:CSTR) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $16.75.
Several analysts have issued reports on CSTR shares. BidaskClub lowered shares of Capstar Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. TheStreet downgraded shares of Capstar Financial from a “b-” rating to a “c” rating in a research report on Monday, November 11th. Zacks Investment Research lowered shares of Capstar Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. ValuEngine raised shares of Capstar Financial from a “strong sell” rating to a “sell” rating in a report on Friday. Finally, SunTrust Banks began coverage on shares of Capstar Financial in a research note on Friday, October 11th. They issued a “hold” rating and a $18.00 target price for the company.
Shares of Capstar Financial stock opened at $16.65 on Tuesday. Capstar Financial has a 12-month low of $13.51 and a 12-month high of $17.33. The stock has a market cap of $308.40 million, a P/E ratio of 13.99 and a beta of 0.90. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $16.73 and its 200-day moving average is $15.82.
Capstar Financial (NASDAQ:CSTR) last released its earnings results on Friday, October 25th. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $23.94 million during the quarter, compared to analysts’ expectations of $23.75 million. Capstar Financial had a net margin of 13.90% and a return on equity of 9.63%. On average, sell-side analysts expect that Capstar Financial will post 1.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. Capstar Financial’s dividend payout ratio is currently 16.81%.
In other news, Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $17.00, for a total transaction of $34,000.00. Following the completion of the sale, the director now owns 226,271 shares in the company, valued at approximately $3,846,607. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas R. Flynn bought 32,447 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $15.41 per share, with a total value of $500,008.27. Following the purchase, the director now owns 151,642 shares in the company, valued at approximately $2,336,803.22. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 68,813 shares of company stock worth $1,012,859 and have sold 6,000 shares worth $100,840. 13.60% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in CSTR. First Trust Advisors LP acquired a new stake in Capstar Financial during the second quarter worth approximately $190,000. JPMorgan Chase & Co. boosted its holdings in shares of Capstar Financial by 108.4% during the second quarter. JPMorgan Chase & Co. now owns 4,011 shares of the bank’s stock worth $60,000 after acquiring an additional 2,086 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Capstar Financial by 66.4% during the second quarter. Acadian Asset Management LLC now owns 61,994 shares of the bank’s stock worth $940,000 after acquiring an additional 24,741 shares during the period. Context BH Capital Management LP grew its position in shares of Capstar Financial by 28.3% in the second quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock valued at $3,611,000 after purchasing an additional 52,642 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Capstar Financial by 85.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 33,145 shares of the bank’s stock valued at $503,000 after purchasing an additional 15,243 shares during the last quarter. 33.39% of the stock is currently owned by hedge funds and other institutional investors.
About Capstar Financial
CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily 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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