Capstar Financial Holdings Inc (CSTR) Receives Consensus Rating of “Hold” from Analysts

Shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $19.50.

CSTR has been the subject of several analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.00 price target on shares of Capstar Financial in a research report on Tuesday, October 3rd. Zacks Investment Research cut shares of Capstar Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Stephens cut shares of Capstar Financial from an “equal weight” rating to an “underweight” rating and set a $18.00 price objective for the company. in a report on Tuesday.

In related news, major shareholder Corsair Capital Llc sold 117,439 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie D. Frist sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $21.15, for a total transaction of $42,300.00. Following the transaction, the director now owns 211,821 shares of the company’s stock, valued at approximately $4,480,014.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,439 shares of company stock valued at $2,643,819. Corporate insiders own 19.28% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in Capstar Financial during the second quarter valued at approximately $380,000. Royal Bank of Canada lifted its stake in Capstar Financial by 20,308.2% in the second quarter. Royal Bank of Canada now owns 20,000 shares of the bank’s stock valued at $355,000 after buying an additional 19,902 shares in the last quarter. Woodmont Investment Counsel LLC lifted its stake in Capstar Financial by 52.0% in the third quarter. Woodmont Investment Counsel LLC now owns 38,000 shares of the bank’s stock valued at $744,000 after buying an additional 13,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Capstar Financial by 44.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,450 shares of the bank’s stock valued at $381,000 after buying an additional 6,000 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in Capstar Financial by 763.6% in the second quarter. TIAA CREF Investment Management LLC now owns 22,946 shares of the bank’s stock valued at $407,000 after buying an additional 20,289 shares in the last quarter. Hedge funds and other institutional investors own 34.82% of the company’s stock.

Shares of Capstar Financial (NASDAQ CSTR) traded up $0.29 during trading hours on Friday, hitting $19.78. 22,984 shares of the stock traded hands, compared to its average volume of 19,688. Capstar Financial has a 12 month low of $16.00 and a 12 month high of $22.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 1.00. The firm has a market cap of $221.39, a PE ratio of 152.17 and a beta of 1.75.

Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Capstar Financial had a net margin of 2.40% and a return on equity of 9.77%. The company had revenue of $13.25 million during the quarter, compared to analysts’ expectations of $13.82 million. During the same quarter in the previous year, the company earned $0.23 EPS. sell-side analysts anticipate that Capstar Financial will post 1.16 EPS for the current year.

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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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