CapStar Financial (NASDAQ:CSTR) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of CapStar Financial (NASDAQ:CSTR) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the bank’s stock.

CapStar Financial Stock Performance

Shares of CSTR stock opened at $20.10 on Wednesday. CapStar Financial has a 1-year low of $11.22 and a 1-year high of $20.20. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.22. The stock has a market cap of $418.36 million, a price-to-earnings ratio of 14.26 and a beta of 0.79. The stock has a 50-day moving average of $19.72 and a 200-day moving average of $18.30.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CSTR. Kennedy Capital Management LLC acquired a new position in shares of CapStar Financial during the 3rd quarter valued at $883,000. BCK Capital Management LP bought a new position in shares of CapStar Financial during the 4th quarter worth about $1,705,000. North Reef Capital Management LP bought a new position in shares of CapStar Financial during the 3rd quarter worth about $1,347,000. Exchange Traded Concepts LLC acquired a new stake in shares of CapStar Financial in the 4th quarter valued at about $392,000. Finally, SG Americas Securities LLC bought a new stake in CapStar Financial in the 3rd quarter valued at about $119,000. 52.22% of the stock is 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.