Capstar Financial Holdings Inc (NASDAQ:CSTR) Director Toby S. Wilt acquired 3,920 shares of the business’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of $3.28 per share, with a total value of $12,857.60.
Shares of CSTR stock traded up $0.01 during mid-day trading on Friday, reaching $16.82. The stock had a trading volume of 409,878 shares, compared to its average volume of 54,422. Capstar Financial Holdings Inc has a 12-month low of $13.51 and a 12-month high of $17.71. The company has a market cap of $296.06 million, a P/E ratio of 14.13 and a beta of 0.90. The business has a 50-day simple moving average of $15.56 and a 200 day simple moving average of $15.38. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04.
Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Capstar Financial had a return on equity of 9.68% and a net margin of 12.70%. The business had revenue of $24.04 million during the quarter, compared to analysts’ expectations of $22.60 million. Research analysts anticipate that Capstar Financial Holdings Inc will post 1.32 EPS for the current year.
Several research firms have issued reports on CSTR. ValuEngine upgraded Capstar Financial from a “strong sell” rating to a “sell” rating in a research report on Monday, July 29th. Compass Point upgraded Capstar Financial from a “sell” rating to a “neutral” rating and set a $16.00 price target for the company in a research report on Friday, July 26th. Stephens restated a “hold” rating and issued a $17.00 price target on shares of Capstar Financial in a research report on Monday, July 29th. BidaskClub upgraded Capstar Financial from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Sandler O’Neill cut Capstar Financial from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Capstar Financial currently has an average rating of “Hold” and an average price target of $16.80.
Hedge funds have recently made changes to their positions in the company. Context BH Capital Management LP increased its position in shares of Capstar Financial by 28.3% in the second quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock valued at $3,611,000 after buying an additional 52,642 shares in the last quarter. First Trust Advisors LP purchased a new stake in Capstar Financial during the 2nd quarter worth about $190,000. Acadian Asset Management LLC increased its position in Capstar Financial by 66.4% during the 2nd quarter. Acadian Asset Management LLC now owns 61,994 shares of the bank’s stock worth $940,000 after purchasing an additional 24,741 shares in the last quarter. JPMorgan Chase & Co. increased its position in Capstar Financial by 108.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,011 shares of the bank’s stock worth $60,000 after purchasing an additional 2,086 shares in the last quarter. Finally, BlackRock Inc. increased its position in Capstar Financial by 78.8% during the 2nd quarter. BlackRock Inc. now owns 733,256 shares of the bank’s stock worth $11,109,000 after purchasing an additional 323,074 shares in the last quarter. Institutional investors and hedge funds own 30.26% of the company’s stock.
Capstar Financial Company Profile
CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily 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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