Capstar Financial (NASDAQ:CSTR) was upgraded by Stephens from an “underweight” rating to an “equal weight” rating in a note issued to investors on Thursday, February 8th, MarketBeat reports.
Separately, Zacks Investment Research downgraded shares of Capstar Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Five equities research analysts have rated the stock with a hold rating, Capstar Financial has an average rating of “Hold” and an average target price of $19.50.
Shares of Capstar Financial (NASDAQ:CSTR) opened at $17.94 on Thursday. The firm has a market cap of $206.39, a PE ratio of 16.65 and a beta of 0.52. Capstar Financial has a 52-week low of $16.00 and a 52-week high of $22.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.95.
In related news, major shareholder Corsair Capital Llc sold 117,439 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $21.82, for a total transaction of $2,562,518.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $21.15, for a total transaction of $42,300.00. Following the sale, the director now owns 211,821 shares of the company’s stock, valued at $4,480,014.15. The disclosure for this sale can be found here. Company insiders own 19.28% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG lifted its stake in Capstar Financial by 144.7% in the fourth quarter. Deutsche Bank AG now owns 19,498 shares of the bank’s stock valued at $402,000 after acquiring an additional 11,531 shares during the last quarter. Ranger Investment Management L.P. lifted its stake in Capstar Financial by 6.8% in the fourth quarter. Ranger Investment Management L.P. now owns 147,911 shares of the bank’s stock valued at $3,072,000 after acquiring an additional 9,470 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in Capstar Financial in the fourth quarter valued at approximately $448,000. Trustcore Financial Services LLC acquired a new stake in Capstar Financial in the fourth quarter valued at approximately $563,000. Finally, BlackRock Inc. lifted its stake in Capstar Financial by 1.0% in the fourth quarter. BlackRock Inc. now owns 388,842 shares of the bank’s stock valued at $8,077,000 after acquiring an additional 3,682 shares during the last quarter. Hedge funds and other institutional investors own 33.74% of the company’s stock.
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About Capstar Financial
CapStar Financial Holdings, Inc is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking.
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