Capstar Financial Holdings Inc (NASDAQ:CSTR) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Investors of record on Friday, November 8th will be given a dividend of 0.05 per share by the bank on Friday, November 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, November 7th.
CSTR stock opened at $17.05 on Tuesday. The business has a fifty day moving average price of $16.55 and a 200 day moving average price of $15.60. Capstar Financial has a fifty-two week low of $13.51 and a fifty-two week high of $17.33. The stock has a market capitalization of $298.17 million, a price-to-earnings ratio of 14.33 and a beta of 0.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.97 and a quick ratio of 0.92.
Capstar Financial (NASDAQ:CSTR) last released its earnings results on Friday, October 25th. The bank reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The company had revenue of $23.94 million during the quarter, compared to analysts’ expectations of $23.75 million. Capstar Financial had a return on equity of 9.72% and a net margin of 13.90%. On average, equities analysts expect that Capstar Financial will post 1.33 earnings per share for the current fiscal year.
In related news, Director Thomas R. Flynn purchased 32,447 shares of Capstar Financial stock in a transaction dated Monday, September 9th. The shares were acquired at an average cost of $15.41 per share, for a total transaction of $500,008.27. Following the transaction, the director now directly owns 151,642 shares of the company’s stock, valued at $2,336,803.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $17.00, for a total value of $34,000.00. Following the completion of the transaction, the director now owns 226,271 shares in the company, valued at $3,846,607. The disclosure for this sale can be found here. Insiders bought a total of 68,813 shares of company stock worth $1,012,859 over the last 90 days. 13.60% of the stock is owned by corporate insiders.
Several equities research analysts have recently commented on the company. TheStreet raised Capstar Financial from a “c” rating to a “b-” rating in a research note on Monday, September 23rd. Stephens reissued a “hold” rating and issued a $17.00 target price on shares of Capstar Financial in a research note on Monday, July 29th. Zacks Investment Research raised Capstar Financial from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday, October 31st. BidaskClub raised Capstar Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, Compass Point raised Capstar Financial from a “sell” rating to a “neutral” rating and set a $16.00 target price for the company in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.20.
About Capstar Financial
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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