Stephens upgraded shares of Capstar Financial (NASDAQ:CSTR) from an underweight rating to an equal weight rating in a research report report published on Thursday morning, MarketBeat reports.
Separately, Zacks Investment Research raised Capstar Financial from a hold rating to a buy rating and set a $23.00 target price on the stock in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Capstar Financial has an average rating of Hold and an average target price of $19.50.
Capstar Financial (NASDAQ CSTR) opened at $17.90 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.95. The firm has a market capitalization of $207.32, a price-to-earnings ratio of 16.73 and a beta of 0.52. Capstar Financial has a 52-week low of $16.00 and a 52-week high of $22.22.
Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Thursday, January 25th. The bank reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $13.25 million for the quarter, compared to analyst estimates of $13.82 million. Capstar Financial had a return on equity of 9.77% and a net margin of 2.40%. During the same period last year, the company posted $0.23 EPS. analysts predict that Capstar Financial will post 1.13 earnings per share for the current fiscal year.
In other Capstar Financial news, major shareholder Corsair Capital Llc sold 117,439 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $21.82, for a total value of $2,562,518.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $21.15, for a total value of $42,300.00. Following the completion of the transaction, the director now directly owns 211,821 shares in the company, valued at $4,480,014.15. The disclosure for this sale can be found here. Company insiders own 19.28% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Capstar Financial in the third quarter valued at about $120,000. New York State Common Retirement Fund raised its position in Capstar Financial by 410.8% in the second quarter. New York State Common Retirement Fund now owns 9,200 shares of the bank’s stock valued at $163,000 after purchasing an additional 7,399 shares during the period. Wells Fargo & Company MN raised its position in Capstar Financial by 43.3% in the third quarter. Wells Fargo & Company MN now owns 10,177 shares of the bank’s stock valued at $199,000 after purchasing an additional 3,077 shares during the period. First Trust Advisors LP purchased a new position in Capstar Financial in the fourth quarter valued at about $284,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in Capstar Financial in the second quarter valued at about $268,000. 33.73% of the stock is currently owned by institutional investors.
Capstar Financial Company Profile
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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