Brokerages forecast that Capstar Financial Holdings Inc (NASDAQ:CSTR) will report sales of $22.09 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Capstar Financial’s earnings. The lowest sales estimate is $21.60 million and the highest is $22.40 million. Capstar Financial posted sales of $21.74 million in the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The firm is expected to report its next quarterly earnings results on Wednesday, April 22nd.
On average, analysts expect that Capstar Financial will report full year sales of $102.53 million for the current year, with estimates ranging from $101.00 million to $104.10 million. For the next fiscal year, analysts forecast that the business will report sales of $117.58 million, with estimates ranging from $115.90 million to $120.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Capstar Financial.
Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The company had revenue of $22.30 million for the quarter, compared to analysts’ expectations of $23.56 million. Capstar Financial had a net margin of 19.36% and a return on equity of 9.27%.
A number of research analysts have issued reports on CSTR shares. ValuEngine raised shares of Capstar Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. SunTrust Banks boosted their price objective on shares of Capstar Financial from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Zacks Investment Research downgraded shares of Capstar Financial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 5th. TheStreet downgraded shares of Capstar Financial from a “b-” rating to a “c” rating in a research report on Monday, November 11th. Finally, BidaskClub downgraded shares of Capstar Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Capstar Financial currently has an average rating of “Hold” and a consensus price target of $17.40.
Capstar Financial stock traded down $0.22 during mid-day trading on Friday, reaching $15.22. 21,682 shares of the company traded hands, compared to its average volume of 32,612. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.97 and a quick ratio of 0.90. The firm’s 50 day moving average price is $15.87 and its 200 day moving average price is $16.21. The firm has a market capitalization of $279.39 million, a price-to-earnings ratio of 12.68 and a beta of 0.92. Capstar Financial has a 52-week low of $14.11 and a 52-week high of $17.48.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, February 6th. Capstar Financial’s dividend payout ratio is presently 15.27%.
In other news, Director Julie D. Frist sold 2,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $16.78, for a total value of $33,560.00. Following the sale, the director now directly owns 226,271 shares of the company’s stock, valued at approximately $3,796,827.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.60% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. grew its position in shares of Capstar Financial by 203.8% in the 4th quarter. Citigroup Inc. now owns 3,816 shares of the bank’s stock worth $64,000 after buying an additional 2,560 shares during the period. Metropolitan Life Insurance Co NY purchased a new stake in shares of Capstar Financial in the 3rd quarter worth about $89,000. CapWealth Advisors LLC purchased a new stake in shares of Capstar Financial in the 3rd quarter worth about $206,000. California Public Employees Retirement System purchased a new stake in shares of Capstar Financial in the 4th quarter worth about $218,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Capstar Financial in the 4th quarter worth about $288,000. 33.46% of the stock is currently owned by hedge funds and other institutional investors.
Capstar Financial Company Profile
CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily 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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