Capstar Financial (NASDAQ:CSTR) Stock Price Crosses Above 200 Day Moving Average of $11.58


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Capstar Financial Holdings, Inc. (NASDAQ:CSTR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.58 and traded as high as $16.13. Capstar Financial shares last traded at $15.99, with a volume of 41,554 shares changing hands.

Several analysts have recently weighed in on CSTR shares. ValuEngine upgraded Capstar Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 1st. BidaskClub upgraded Capstar Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 18th. Zacks Investment Research upgraded Capstar Financial from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research note on Monday, December 14th. Finally, TheStreet upgraded Capstar Financial from a “c+” rating to a “b-” rating in a research note on Friday, November 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Capstar Financial presently has an average rating of “Buy” and a consensus target price of $13.00.

The firm has a market capitalization of $350.90 million, a price-to-earnings ratio of 15.38 and a beta of 1.13. The stock has a 50 day moving average of $14.04 and a 200 day moving average of $11.58. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.12.

Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Thursday, October 22nd. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.15. Capstar Financial had a net margin of 16.15% and a return on equity of 7.89%. The firm had revenue of $34.46 million for the quarter, compared to analysts’ expectations of $31.49 million. Analysts predict that Capstar Financial Holdings, Inc. will post 1.28 earnings per share for the current year.

In other Capstar Financial news, CFO Denis J. Duncan bought 11,150 shares of the business’s stock in a transaction on Tuesday, December 15th. The shares were purchased at an average price of $13.49 per share, with a total value of $150,413.50. Following the completion of the acquisition, the chief financial officer now directly owns 24,800 shares of the company’s stock, valued at approximately $334,552. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James S. Jr. Turner sold 4,372 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $12.00, for a total transaction of $52,464.00. Following the completion of the transaction, the director now directly owns 265,548 shares in the company, valued at approximately $3,186,576. The disclosure for this sale can be found here. Insiders sold 11,244 shares of company stock worth $135,053 in the last three months. 13.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in shares of Capstar Financial during the third quarter valued at approximately $34,000. BNP Paribas Arbitrage SA raised its holdings in shares of Capstar Financial by 382.6% during the third quarter. BNP Paribas Arbitrage SA now owns 3,919 shares of the bank’s stock valued at $38,000 after buying an additional 3,107 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Capstar Financial by 148.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,889 shares of the bank’s stock valued at $95,000 after buying an additional 4,714 shares during the last quarter. American International Group Inc. raised its holdings in shares of Capstar Financial by 13.1% during the second quarter. American International Group Inc. now owns 9,771 shares of the bank’s stock valued at $117,000 after buying an additional 1,128 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Capstar Financial during the third quarter valued at approximately $127,000. 32.08% of the stock is currently owned by institutional investors.

Capstar Financial Company Profile (NASDAQ:CSTR)

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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