Capstar Financial (CSTR) Rating Increased to Equal Weight at Stephens

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.

Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. Capstar Financial had a return on equity of 9.77% and a net margin of 2.40%. The firm had revenue of $13.25 million during the quarter, compared to the consensus estimate of $13.82 million. During the same period last year, the business posted $0.23 EPS. analysts forecast that Capstar Financial will post 1.13 earnings per share for the current fiscal year.

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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