Brokerages expect that Capstar Financial Holdings Inc (NASDAQ:CSTR) will report $0.33 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Capstar Financial’s earnings. Capstar Financial also reported earnings per share of $0.33 during the same quarter last year. The firm is expected to issue its next quarterly earnings results on Thursday, January 23rd.
On average, analysts expect that Capstar Financial will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.29 to $1.35. For the next fiscal year, analysts forecast that the company will report earnings of $1.31 per share, with EPS estimates ranging from $1.27 to $1.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Capstar Financial.
Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Friday, October 25th. The bank reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Capstar Financial had a return on equity of 9.72% and a net margin of 13.90%. The company had revenue of $23.94 million during the quarter, compared to the consensus estimate of $23.75 million.
Several research analysts have recently commented on the company. TheStreet upgraded Capstar Financial from a “c” rating to a “b-” rating in a research note on Monday, September 23rd. SunTrust Banks assumed coverage on Capstar Financial in a research note on Friday, October 11th. They set a “hold” rating and a $18.00 target price for the company. Compass Point upgraded 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. BidaskClub upgraded Capstar Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, ValuEngine downgraded Capstar Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $17.20.
Shares of NASDAQ CSTR traded down $0.02 during midday trading on Friday, hitting $16.96. 1,231 shares of the company’s stock were exchanged, compared to its average volume of 60,481. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.04. Capstar Financial has a 12 month low of $13.51 and a 12 month high of $17.33. The company’s 50 day moving average price is $16.57 and its 200 day moving average price is $15.63. The firm has a market capitalization of $300.10 million, a PE ratio of 14.21 and a beta of 0.92.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.05 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.20 annualized dividend and a yield of 1.18%. Capstar Financial’s dividend payout ratio (DPR) is presently 16.81%.
In other news, insider Timothy Kyle Schools purchased 32,446 shares of Capstar Financial stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of $15.41 per share, for a total transaction of $499,992.86. Following the purchase, the insider now directly owns 32,446 shares of the company’s stock, valued at approximately $499,992.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas R. Flynn purchased 32,447 shares of Capstar Financial stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average price of $15.41 per share, with a total value of $500,008.27. Following the completion of the purchase, the director now directly owns 151,642 shares in the company, valued at $2,336,803.22. The disclosure for this purchase can be found here. Insiders purchased a total of 68,813 shares of company stock valued at $1,012,859 over the last 90 days. 13.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Context BH Capital Management LP boosted its stake in Capstar Financial by 28.3% in the 2nd quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock valued at $3,611,000 after purchasing an additional 52,642 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Capstar Financial by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 83,602 shares of the bank’s stock valued at $1,266,000 after acquiring an additional 19,757 shares during the period. First Trust Advisors LP bought a new stake in shares of Capstar Financial during the 2nd quarter valued at $190,000. JPMorgan Chase & Co. lifted its position in shares of Capstar Financial by 108.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,011 shares of the bank’s stock valued at $60,000 after acquiring an additional 2,086 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Capstar Financial by 66.4% during the 2nd quarter. Acadian Asset Management LLC now owns 61,994 shares of the bank’s stock valued at $940,000 after acquiring an additional 24,741 shares during the period. Institutional investors and hedge funds own 30.34% of the company’s stock.
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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