ValuEngine upgraded shares of Capstar Financial (NASDAQ:CSTR) from a strong sell rating to a sell rating in a report published on Monday, February 4th.
A number of other research firms have also recently commented on CSTR. Zacks Investment Research upgraded Capstar Financial from a sell rating to a hold rating in a research report on Monday, December 17th. Compass Point upgraded Capstar Financial from a sell rating to a neutral rating and set a $17.00 price target for the company in a research report on Wednesday, October 17th. Finally, Raymond James raised Capstar Financial from a market perform rating to an outperform rating and set a $17.00 price objective on the stock in a research note on Monday, October 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $18.80.
CSTR stock remained flat at $$16.76 during trading on Monday. The company had a trading volume of 13,998 shares, compared to its average volume of 25,465. The stock has a market capitalization of $294.64 million, a PE ratio of 14.08 and a beta of 0.98. Capstar Financial has a 52 week low of $13.51 and a 52 week high of $20.87. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.04.
Capstar Financial (NASDAQ:CSTR) last posted its quarterly earnings data on Thursday, January 24th. The bank reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The business had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $19.60 million. Capstar Financial had a return on equity of 11.33% and a net margin of 11.60%. Research analysts anticipate that Capstar Financial will post 1.26 EPS for the current year.
Capstar Financial declared that its Board of Directors has approved a stock buyback plan on Friday, December 21st that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 25th. Stockholders of record on Tuesday, February 5th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, February 4th. Capstar Financial’s dividend payout ratio (DPR) is presently 13.45%.
In other Capstar Financial news, Director Thomas R. Flynn purchased 3,700 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were acquired at an average price of $16.20 per share, with a total value of $59,940.00. Following the purchase, the director now directly owns 936 shares in the company, valued at approximately $15,163.20. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 18.27% of the company’s stock.
Several institutional investors have recently made changes to their positions in CSTR. BlackRock Inc. lifted its stake in shares of Capstar Financial by 1.7% in the 2nd quarter. BlackRock Inc. now owns 394,974 shares of the bank’s stock valued at $7,318,000 after purchasing an additional 6,421 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Capstar Financial by 119.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 95,259 shares of the bank’s stock worth $1,765,000 after acquiring an additional 51,840 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Capstar Financial by 29.7% during the 3rd quarter. Acadian Asset Management LLC now owns 25,525 shares of the bank’s stock worth $426,000 after acquiring an additional 5,847 shares in the last quarter. Martingale Asset Management L P acquired a new position in Capstar Financial during the 3rd quarter worth about $201,000. Finally, Woodmont Investment Counsel LLC lifted its stake in Capstar Financial by 180.0% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 28,000 shares of the bank’s stock worth $468,000 after acquiring an additional 18,000 shares in the last quarter. 23.52% of the stock is currently owned by institutional investors and hedge funds.
About Capstar Financial
CapStar Financial Holdings, Inc operates as the holding company for CapStar Bank that provides commercial banking services to consumer and corporate customers located primarily in Davidson, Sumner, Williamson, and the surrounding counties 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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