Capstar Financial (CSTR) Scheduled to Post Quarterly Earnings on Thursday

Capstar Financial (NASDAQ:CSTR) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Capstar Financial (NASDAQ:CSTR) last released its quarterly earnings results on Monday, October 16th. The bank reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.12. The company had revenue of $14.22 million during the quarter, compared to analysts’ expectations of $13.56 million. Capstar Financial had a net margin of 7.05% and a return on equity of 9.27%. During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, analysts expect Capstar Financial to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Capstar Financial (NASDAQ CSTR) opened at $21.63 on Thursday. The firm has a market cap of $245.70 and a P/E ratio of 69.77. Capstar Financial has a 1-year low of $16.00 and a 1-year high of $22.22. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

CSTR has been the subject of several research analyst reports. Zacks Investment Research cut shares of Capstar Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 price target on shares of Capstar Financial in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Capstar Financial has a consensus rating of “Hold” and a consensus target price of $19.25.

In other news, Director Julie D. Frist sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $21.15, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Corsair Capital Llc sold 117,439 shares of the business’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $21.82, for a total transaction of $2,562,518.98. The disclosure for this sale can be found here. In the last three months, insiders sold 121,439 shares of company stock worth $2,643,819. 19.28% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in CSTR. California State Teachers Retirement System lifted its position in shares of Capstar Financial by 146.8% in the second quarter. California State Teachers Retirement System now owns 15,300 shares of the bank’s stock worth $271,000 after purchasing an additional 9,100 shares in the last quarter. State Street Corp lifted its position in shares of Capstar Financial by 84.9% in the second quarter. State Street Corp now owns 73,650 shares of the bank’s stock worth $1,308,000 after purchasing an additional 33,826 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Capstar Financial by 26.3% in the second quarter. Vanguard Group Inc. now owns 80,470 shares of the bank’s stock worth $1,428,000 after purchasing an additional 16,752 shares in the last quarter. 35.64% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History for Capstar Financial (NASDAQ:CSTR)

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