Stephens reissued their hold rating on shares of Capstar Financial (NASDAQ:CSTR) in a report released on Wednesday, AnalystRatings.com reports. Stephens currently has a $17.00 price objective on the bank’s stock.
Other research analysts also recently issued reports about the company. Zacks Investment Research raised Capstar Financial from a hold rating to a buy rating and set a $18.00 price target on the stock in a research report on Wednesday, March 13th. ValuEngine upgraded Capstar Financial from a strong sell rating to a sell rating in a research report on Monday, April 1st. Finally, BidaskClub cut Capstar Financial from a hold rating to a sell rating in a research report on Saturday, March 9th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $17.40.
NASDAQ CSTR traded down $0.17 during trading on Wednesday, hitting $14.92. The company’s stock had a trading volume of 4,538 shares, compared to its average volume of 32,088. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 0.29. The company has a market cap of $262.70 million, a P/E ratio of 12.53 and a beta of 1.00. Capstar Financial has a 52 week low of $13.51 and a 52 week high of $20.87.
Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The business had revenue of $21.74 million during the quarter, compared to the consensus estimate of $22.20 million. Capstar Financial had a return on equity of 9.39% and a net margin of 11.94%. Sell-side analysts expect that Capstar Financial will post 1.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from Capstar Financial’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. Capstar Financial’s payout ratio is currently 16.81%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Capstar Financial by 34.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 127,869 shares of the bank’s stock valued at $2,135,000 after buying an additional 32,610 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Capstar Financial in the 3rd quarter valued at $214,000. Vanguard Group Inc. boosted its stake in Capstar Financial by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 300,773 shares of the bank’s stock valued at $5,023,000 after buying an additional 3,318 shares in the last quarter. Vanguard Group Inc boosted its stake in Capstar Financial by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 300,773 shares of the bank’s stock valued at $5,023,000 after buying an additional 3,318 shares in the last quarter. Finally, Rhumbline Advisers acquired a new position in Capstar Financial in the fourth quarter worth $160,000. Institutional investors and hedge funds own 26.08% of the company’s stock.
About Capstar Financial
CapStar Financial Holdings, Inc operates as the holding company for CapStar Bank that provides commercial banking services to consumer and corporate customers located primarily in Davidson, Sumner, Williamson, and the surrounding counties 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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