CapStar Financial (NASDAQ:CSTR) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of CapStar Financial (NASDAQ:CSTR) in a report issued on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

CapStar Financial Stock Performance

NASDAQ CSTR opened at $20.10 on Wednesday. The firm has a market capitalization of $418.36 million, a price-to-earnings ratio of 14.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.95 and a current ratio of 0.96. CapStar Financial has a one year low of $11.22 and a one year high of $20.20. The company’s 50 day moving average price is $19.69 and its 200 day moving average price is $18.29.

CapStar Financial (NASDAQ:CSTR) last issued its earnings results on Tuesday, March 12th. The bank reported $0.31 EPS for the quarter. CapStar Financial had a net margin of 16.17% and a return on equity of 8.46%. The business had revenue of $27.11 million for the quarter. On average, sell-side analysts predict that CapStar Financial will post 1.42 EPS for the current year.

Institutional Investors Weigh In On CapStar Financial

A number of large investors have recently modified their holdings of CSTR. Gardner Lewis Asset Management L P purchased a new position in CapStar Financial in the 4th quarter worth approximately $4,208,000. Prelude Capital Management LLC acquired a new stake in CapStar Financial during the 4th quarter valued at $3,166,000. Equitable Trust Co. increased its stake in CapStar Financial by 4.1% during the 4th quarter. Equitable Trust Co. now owns 97,605 shares of the bank’s stock worth $1,829,000 after buying an additional 3,869 shares during the period. North Reef Capital Management LP purchased a new stake in CapStar Financial during the 3rd quarter worth $1,347,000. Finally, BCK Capital Management LP acquired a new position in CapStar Financial in the 4th quarter worth $1,705,000. Institutional investors and hedge funds own 52.22% of the company’s stock.

About CapStar Financial

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking and other financial services to individuals and corporate customers in Tennessee, the United States. It offers noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; mortgage banking products; and wealth management and treasury management services.