Foresters Investment Management Company Inc. lifted its holdings in shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) by 32.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,400 shares of the bank’s stock after acquiring an additional 84,500 shares during the period. Foresters Investment Management Company Inc.’s holdings in Capstar Financial were worth $5,102,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in CSTR. Raymond James & Associates purchased a new position in shares of Capstar Financial during the fourth quarter worth approximately $953,000. Dimensional Fund Advisors LP grew its position in shares of Capstar Financial by 38.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 177,224 shares of the bank’s stock worth $2,610,000 after acquiring an additional 49,355 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Capstar Financial by 114.9% during the fourth quarter. Bank of New York Mellon Corp now owns 62,237 shares of the bank’s stock worth $917,000 after acquiring an additional 33,274 shares during the last quarter. Woodmont Investment Counsel LLC grew its position in shares of Capstar Financial by 180.0% during the third quarter. Woodmont Investment Counsel LLC now owns 28,000 shares of the bank’s stock worth $468,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Capstar Financial during the third quarter worth approximately $214,000. Institutional investors and hedge funds own 26.88% of the company’s stock.
In other news, Director Thomas R. Flynn acquired 3,700 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were purchased at an average cost of $16.20 per share, for a total transaction of $59,940.00. Following the transaction, the director now directly owns 936 shares in the company, valued at approximately $15,163.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 18.27% of the company’s stock.
NASDAQ:CSTR opened at $15.94 on Friday. Capstar Financial Holdings Inc has a 1-year low of $13.51 and a 1-year high of $20.87. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.04. The firm has a market capitalization of $277.24 million, a P/E ratio of 13.39 and a beta of 1.00.
Capstar Financial (NASDAQ:CSTR) last posted its quarterly earnings data on Thursday, January 24th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. Capstar Financial had a net margin of 11.60% and a return on equity of 11.33%. The firm had revenue of $24.10 million for the quarter, compared to analyst estimates of $19.60 million. Analysts forecast that Capstar Financial Holdings Inc will post 1.26 earnings per share for the current fiscal year.
Capstar Financial announced that its board has approved a share repurchase plan on Friday, December 21st that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 25th. Investors of record on Tuesday, February 5th were given a $0.04 dividend. The ex-dividend date was Monday, February 4th. This represents a $0.16 dividend on an annualized basis and a yield of 1.00%. Capstar Financial’s dividend payout ratio (DPR) is 13.45%.
CSTR has been the topic of a number of research reports. Compass Point lowered shares of Capstar Financial from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 8th. ValuEngine upgraded shares of Capstar Financial from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Capstar Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Finally, BidaskClub lowered shares of Capstar Financial from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.20.
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About Capstar Financial
CapStar Financial Holdings, Inc operates as the holding company for CapStar Bank that provides commercial banking services to consumer and corporate customers located primarily in Davidson, Sumner, Williamson, and the surrounding counties 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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