CapStar Financial (NASDAQ:CSTR) Earns Hold Rating from Analysts at StockNews.com

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

CapStar Financial Stock Performance

Shares of CapStar Financial stock opened at $20.10 on Monday. CapStar Financial has a fifty-two week low of $11.22 and a fifty-two week 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 business’s fifty day moving average is $19.42 and its two-hundred day moving average is $17.94. 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 earnings per share 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 for the quarter. Analysts anticipate that CapStar Financial will post 1.42 earnings per share 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 given a $0.11 dividend. This is a positive change from CapStar Financial’s previous quarterly dividend of $0.04. This represents a $0.44 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Tuesday, February 6th. CapStar Financial’s dividend payout ratio (DPR) is 31.21%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC purchased a new position in shares of CapStar Financial in the 4th quarter worth $42,000. SG Americas Securities LLC purchased a new position in shares of CapStar Financial in the 3rd quarter worth $119,000. Exchange Traded Concepts LLC acquired a new stake in CapStar Financial in the 4th quarter valued at $392,000. PenderFund Capital Management Ltd. acquired a new stake in CapStar Financial in the 4th quarter valued at $415,000. Finally, DLD Asset Management LP acquired a new stake in CapStar Financial in the 4th quarter valued at $618,000. 52.22% of the stock is owned by hedge funds and other institutional investors.

CapStar Financial Company Profile

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.