Capstar Financial (CSTR) Upgraded at Stephens

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.

Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Capstar Financial had a net margin of 2.40% and a return on equity of 9.77%. The firm had revenue of $13.25 million for the quarter, compared to the consensus estimate of $13.82 million. During the same period last year, the firm posted $0.23 EPS. equities analysts predict that Capstar Financial will post 1.13 earnings per share for the current year.

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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