Capstar Financial Holdings Inc. (NASDAQ:CSTR) Director Julie D. Frist sold 2,000 shares of Capstar Financial stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $21.15, for a total value of $42,300.00. Following the sale, the director now directly owns 211,821 shares of the company’s stock, valued at approximately $4,480,014.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Capstar Financial Holdings Inc. (NASDAQ:CSTR) traded down $0.37 during midday trading on Friday, hitting $21.31. The company had a trading volume of 22,079 shares, compared to its average volume of 21,820. Capstar Financial Holdings Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $22.35. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a market cap of $242.06 and a PE ratio of 21.25.
Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Monday, October 16th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $14.22 million for the quarter, compared to analyst estimates of $13.56 million. During the same period in the previous year, the company posted $0.20 earnings per share. sell-side analysts predict that Capstar Financial Holdings Inc. will post 0.36 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of CSTR. Huber Capital Management LLC increased its stake in Capstar Financial by 1,129.8% during the third quarter. Huber Capital Management LLC now owns 145,939 shares of the bank’s stock valued at $2,857,000 after acquiring an additional 134,072 shares during the period. Northern Trust Corp increased its stake in Capstar Financial by 176.3% during the second quarter. Northern Trust Corp now owns 82,547 shares of the bank’s stock valued at $1,465,000 after acquiring an additional 52,673 shares during the period. State Street Corp increased its stake in Capstar Financial by 84.9% during the second quarter. State Street Corp now owns 73,650 shares of the bank’s stock valued at $1,308,000 after acquiring an additional 33,826 shares during the period. Goldman Sachs Group Inc. bought a new position in Capstar Financial during the first quarter valued at about $529,000. Finally, Bank of New York Mellon Corp bought a new position in Capstar Financial during the second quarter valued at about $380,000. Hedge funds and other institutional investors own 35.64% of the company’s stock.
CSTR has been the subject of a number of analyst reports. Stephens set a $17.00 price target on Capstar Financial and gave the stock a “hold” rating in a research report on Monday, August 14th. ValuEngine cut Capstar Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.00 price objective on shares of Capstar Financial in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.50.
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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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