New York State Common Retirement Fund raised its holdings in shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) by 410.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,200 shares of the bank’s stock after purchasing an additional 7,399 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Capstar Financial worth $163,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in CSTR. Schwab Charles Investment Management Inc. acquired a new stake in Capstar Financial during the 2nd quarter valued at $268,000. Teachers Advisors LLC lifted its holdings in Capstar Financial by 396.2% during the 2nd quarter. Teachers Advisors LLC now owns 16,232 shares of the bank’s stock valued at $288,000 after purchasing an additional 12,961 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Capstar Financial during the 2nd quarter valued at $380,000. TIAA CREF Investment Management LLC lifted its holdings in Capstar Financial by 763.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 22,946 shares of the bank’s stock valued at $407,000 after purchasing an additional 20,289 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Capstar Financial during the 1st quarter valued at $529,000. 36.35% of the stock is owned by institutional investors and hedge funds.
Shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) opened at $20.92 on Monday. Capstar Financial Holdings Inc. has a twelve month low of $16.00 and a twelve month high of $22.35. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $237.63, a price-to-earnings ratio of 20.51 and a beta of 1.41.
Capstar Financial (NASDAQ:CSTR) last posted its earnings results on Monday, October 16th. The bank reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.12. Capstar Financial had a return on equity of 9.27% and a net margin of 7.05%. The company had revenue of $14.22 million during the quarter, compared to the consensus estimate of $13.56 million. During the same quarter last year, the firm earned $0.20 earnings per share. research analysts forecast that Capstar Financial Holdings Inc. will post 0.36 EPS for the current fiscal year.
In related news, major shareholder Gaylon M. Jr. Lawrence purchased 21,208 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were bought at an average price of $20.38 per share, for a total transaction of $432,219.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $19.50, for a total value of $39,000.00. Following the completion of the transaction, the director now owns 211,821 shares in the company, valued at approximately $4,130,509.50. The disclosure for this sale can be found here. 19.28% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on CSTR. ValuEngine downgraded Capstar Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.00 target price on shares of Capstar Financial in a report on Tuesday, October 3rd. Sandler O’Neill downgraded Capstar Financial from a “buy” rating to a “hold” rating and dropped their target price for the stock from $21.00 to $19.00 in a report on Tuesday, August 1st. Stephens set a $17.00 target price on Capstar Financial and gave the stock a “hold” rating in a report on Monday, August 14th. Finally, Zacks Investment Research downgraded Capstar Financial from a “buy” rating to a “sell” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.50.
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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