Capstar Financial Holdings Inc (NASDAQ:CSTR) Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 owns 226,271 shares of the company’s stock, valued at approximately $3,796,827.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
NASDAQ CSTR traded down $0.15 during mid-day trading on Monday, reaching $16.65. 40,160 shares of the company’s stock traded hands, compared to its average volume of 54,062. Capstar Financial Holdings Inc has a 1-year low of $13.51 and a 1-year high of $17.33. The company has a fifty day simple moving average of $16.70 and a 200-day simple moving average of $15.79. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.04. The company has a market cap of $305.64 million, a price-to-earnings ratio of 13.99 and a beta of 0.90.
Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Friday, October 25th. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $23.94 million during the quarter, compared to analyst estimates of $23.75 million. Capstar Financial had a return on equity of 9.63% and a net margin of 13.90%. Equities research analysts forecast that Capstar Financial Holdings Inc will post 1.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.05 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. Capstar Financial’s payout ratio is 16.81%.
CSTR has been the subject of a number of recent analyst reports. TheStreet lowered Capstar Financial from a “b-” rating to a “c” rating in a research note on Monday, November 11th. SunTrust Banks initiated coverage on Capstar Financial in a research note on Friday, October 11th. They set a “hold” rating and a $18.00 price objective for the company. BidaskClub lowered Capstar Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Zacks Investment Research lowered Capstar Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, ValuEngine upgraded Capstar Financial from a “strong sell” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.20.
Institutional investors and hedge funds have recently modified their holdings of the company. Context BH Capital Management LP grew its position in shares of Capstar Financial by 28.3% in the 2nd quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock worth $3,611,000 after acquiring an additional 52,642 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Capstar Financial by 30.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 83,602 shares of the bank’s stock worth $1,266,000 after acquiring an additional 19,757 shares in the last quarter. Rhumbline Advisers grew its position in shares of Capstar Financial by 11.0% in the 3rd quarter. Rhumbline Advisers now owns 18,834 shares of the bank’s stock worth $312,000 after acquiring an additional 1,872 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Capstar Financial in the 2nd quarter worth approximately $190,000. Finally, CNA Financial Corp acquired a new position in shares of Capstar Financial in the 3rd quarter worth approximately $291,000. Institutional investors own 33.39% of the company’s stock.
About Capstar Financial
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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