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, Marketbeat reports.
Separately, Zacks Investment Research upgraded Capstar Financial from a hold rating to a buy rating and set a $23.00 price target for the company in a report on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $19.50.
Shares of Capstar Financial (NASDAQ:CSTR) traded down $0.23 during trading on Thursday, reaching $17.40. The company’s stock had a trading volume of 14,122 shares, compared to its average volume of 25,178. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 1.00. Capstar Financial has a 52-week low of $16.00 and a 52-week high of $22.22. The firm has a market cap of $210.45, a P/E ratio of 135.63 and a beta of 0.52.
In other 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the director now owns 211,821 shares of the company’s stock, 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.
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Capstar Financial in the 2nd quarter valued at about $380,000. Royal Bank of Canada grew its stake in shares of Capstar Financial by 20,308.2% in the 2nd quarter. Royal Bank of Canada now owns 20,000 shares of the bank’s stock valued at $355,000 after buying an additional 19,902 shares during the period. Woodmont Investment Counsel LLC grew its stake in shares of Capstar Financial by 52.0% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 38,000 shares of the bank’s stock valued at $744,000 after buying an additional 13,000 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Capstar Financial by 44.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,450 shares of the bank’s stock valued at $381,000 after buying an additional 6,000 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Capstar Financial by 763.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 22,946 shares of the bank’s stock valued at $407,000 after buying an additional 20,289 shares during the period. Institutional investors own 33.73% of the company’s stock.
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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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