Wall Street brokerages expect Capstar Financial Holdings, Inc. (NASDAQ:CSTR) to report $33.53 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Capstar Financial’s earnings, with estimates ranging from $32.00 million to $34.91 million. Capstar Financial posted sales of $34.08 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, January 27th.
On average, analysts expect that Capstar Financial will report full year sales of $133.21 million for the current fiscal year, with estimates ranging from $131.60 million to $134.63 million. For the next financial year, analysts forecast that the company will post sales of $135.05 million, with estimates ranging from $128.50 million to $140.81 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Capstar Financial.
Capstar Financial (NASDAQ:CSTR) last released its quarterly earnings data on Wednesday, October 20th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $34.62 million during the quarter, compared to analysts’ expectations of $32.21 million. Capstar Financial had a net margin of 32.35% and a return on equity of 13.45%. During the same period in the previous year, the company earned $0.43 EPS.
In other news, Director James S. Jr. Turner sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $20.99, for a total value of $52,475.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.93% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. raised its stake in shares of Capstar Financial by 130.6% during the 3rd quarter. Citigroup Inc. now owns 2,246 shares of the bank’s stock worth $48,000 after acquiring an additional 1,272 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Capstar Financial during the 2nd quarter worth approximately $111,000. BNP Paribas Arbitrage SA raised its stake in shares of Capstar Financial by 107.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,248 shares of the bank’s stock worth $111,000 after acquiring an additional 2,713 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new position in Capstar Financial during the 2nd quarter valued at approximately $121,000. Finally, Royal Bank of Canada increased its stake in Capstar Financial by 9.2% during the 1st quarter. Royal Bank of Canada now owns 8,293 shares of the bank’s stock valued at $143,000 after purchasing an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 39.73% of the company’s stock.
Capstar Financial stock traded up $0.24 during trading hours on Thursday, hitting $22.50. The company had a trading volume of 47,919 shares, compared to its average volume of 66,404. The firm has a market cap of $498.76 million, a P/E ratio of 10.87 and a beta of 1.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.84 and a current ratio of 0.90. Capstar Financial has a 1 year low of $11.95 and a 1 year high of $23.00. The company has a 50-day moving average price of $21.92 and a two-hundred day moving average price of $21.33.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Wednesday, November 10th were given a $0.06 dividend. The ex-dividend date was Tuesday, November 9th. This represents a $0.24 annualized dividend and a dividend yield of 1.07%. Capstar Financial’s payout ratio is presently 11.59%.
About Capstar Financial
CapStar Financial Holdings, Inc is a bank holding company, which engages in the provision of commercial banking services. Its products and services include commercial and industrial loans to small and medium sized businesses; commercial real estate loans; mortgage banking; and private banking and wealth management services for the owners and operators of its business clients and other high net worth individuals.
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