CapStar Financial (NASDAQ:CSTR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of CapStar Financial (NASDAQ:CSTR) in a research report report published on Sunday morning. The firm issued a hold rating on the bank’s stock.

CapStar Financial Price Performance

Shares of CSTR stock opened at $20.10 on Friday. CapStar Financial has a 12 month low of $11.22 and a 12 month high of $20.20. The firm has a market cap of $418.36 million, a PE ratio of 14.26 and a beta of 0.79. The stock has a 50 day moving average of $19.09 and a 200-day moving average of $17.71. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.22.

CapStar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Tuesday, March 12th. The bank reported $0.31 EPS for the quarter. CapStar Financial had a return on equity of 8.46% and a net margin of 16.17%. The company had revenue of $27.11 million during the quarter. On average, equities analysts predict that CapStar Financial will post 1.42 EPS for the current year.

CapStar Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from CapStar Financial’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, February 6th. CapStar Financial’s dividend payout ratio is presently 31.21%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CSTR. JPMorgan Chase & Co. raised its stake in shares of CapStar Financial by 8.7% in the first quarter. JPMorgan Chase & Co. now owns 143,249 shares of the bank’s stock valued at $3,019,000 after purchasing an additional 11,517 shares in the last quarter. Raymond James & Associates bought a new stake in CapStar Financial in the first quarter valued at $456,000. Bank of New York Mellon Corp grew its position in CapStar Financial by 19.5% in the first quarter. Bank of New York Mellon Corp now owns 112,399 shares of the bank’s stock valued at $2,369,000 after acquiring an additional 18,311 shares during the period. MetLife Investment Management LLC grew its position in CapStar Financial by 58.5% in the first quarter. MetLife Investment Management LLC now owns 12,519 shares of the bank’s stock valued at $264,000 after acquiring an additional 4,620 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in CapStar Financial by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 571,598 shares of the bank’s stock valued at $12,049,000 after acquiring an additional 25,197 shares during the period. 52.22% of the stock is currently owned by institutional investors and hedge funds.

About CapStar Financial

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking and other financial services to individuals and corporate customers in Tennessee, the United States. It offers noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; mortgage banking products; and wealth management and treasury management services.