Capstar Financial (CSTR) Stock Rating Lowered by Zacks Investment Research

Capstar Financial (NASDAQ:CSTR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers baking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “

Separately, Stephens lowered shares of Capstar Financial from an “equal weight” rating to an “underweight” rating and set a $18.00 price target on the stock. in a research report on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $19.50.

Capstar Financial (CSTR) traded down $0.20 during trading hours on Tuesday, reaching $17.82. 15,383 shares of the company were exchanged, compared to its average volume of 24,929. Capstar Financial has a 1-year low of $16.00 and a 1-year high of $22.22. The company has a market capitalization of $207.32, a price-to-earnings ratio of 137.09 and a beta of 0.52. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

Capstar Financial (NASDAQ:CSTR) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Capstar Financial had a net margin of 2.40% and a return on equity of 9.77%. The business had revenue of $13.25 million for the quarter, compared to analyst estimates of $13.82 million. During the same period last year, the firm earned $0.23 earnings per share. analysts anticipate that Capstar Financial will post 1.13 EPS for the current fiscal year.

In other Capstar Financial news, major shareholder Corsair Capital Llc sold 117,439 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Julie D. Frist sold 2,000 shares of the stock in a transaction dated 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 in the company, valued at $4,480,014.15. The disclosure for this sale can be found here. Corporate insiders own 19.28% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CSTR. Schwab Charles Investment Management Inc. acquired a new stake in Capstar Financial during the second quarter worth about $268,000. Bank of New York Mellon Corp acquired a new stake in Capstar Financial during the second quarter worth about $380,000. Teachers Advisors LLC grew its stake in Capstar Financial by 396.2% during the second quarter. Teachers Advisors LLC now owns 16,232 shares of the bank’s stock worth $288,000 after buying an additional 12,961 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Capstar Financial by 763.6% during the second quarter. TIAA CREF Investment Management LLC now owns 22,946 shares of the bank’s stock worth $407,000 after buying an additional 20,289 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Capstar Financial by 410.8% during the second quarter. New York State Common Retirement Fund now owns 9,200 shares of the bank’s stock worth $163,000 after buying an additional 7,399 shares in the last quarter. Hedge funds and other institutional investors own 33.74% of the company’s stock.

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Capstar Financial Company Profile

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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