New York Life Investment Management LLC Sells 3,703 Shares of CapStar Financial Holdings, Inc. (NASDAQ:CSTR)

New York Life Investment Management LLC trimmed its stake in shares of CapStar Financial Holdings, Inc. (NASDAQ:CSTRFree Report) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,501 shares of the bank’s stock after selling 3,703 shares during the quarter. New York Life Investment Management LLC owned approximately 0.11% of CapStar Financial worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of CapStar Financial by 9.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,785 shares of the bank’s stock valued at $494,000 after acquiring an additional 2,974 shares in the last quarter. Nalls Sherbakoff Group LLC raised its stake in shares of CapStar Financial by 1.0% in the third quarter. Nalls Sherbakoff Group LLC now owns 153,420 shares of the bank’s stock valued at $2,177,000 after acquiring an additional 1,537 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of CapStar Financial in the third quarter valued at $119,000. Wells Fargo & Company MN increased its holdings in CapStar Financial by 84.1% in the second quarter. Wells Fargo & Company MN now owns 9,753 shares of the bank’s stock valued at $120,000 after buying an additional 4,454 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in CapStar Financial by 113.0% in the second quarter. Captrust Financial Advisors now owns 57,482 shares of the bank’s stock valued at $705,000 after buying an additional 30,495 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on CapStar Financial in a report on Saturday. They issued a “hold” rating on the stock.

Check Out Our Latest Stock Analysis on CSTR

CapStar Financial Stock Performance

Shares of CSTR stock opened at $18.09 on Tuesday. The stock’s 50-day moving average is $18.35 and its two-hundred day moving average is $16.00. The firm has a market cap of $374.64 million, a price-to-earnings ratio of 11.52 and a beta of 0.79. CapStar Financial Holdings, Inc. has a 1 year low of $11.22 and a 1 year high of $19.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 0.95.

CapStar Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th will be issued a dividend of $0.11 per share. This is a positive change from CapStar Financial’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.44 annualized dividend and a dividend yield of 2.43%. CapStar Financial’s dividend payout ratio (DPR) is presently 28.03%.

CapStar Financial Profile

(Free Report)

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 noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; and mortgage banking products, as well as wealth management and treasury management services.

Read More

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Institutional Ownership by Quarter for CapStar Financial (NASDAQ:CSTR)

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