Brokerages expect Capstar Financial Holdings Inc (NASDAQ:CSTR) to report sales of $22.09 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Capstar Financial’s earnings. The highest sales estimate is $22.40 million and the lowest is $21.60 million. Capstar Financial reported sales of $21.74 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The business is expected to report its next quarterly earnings report on Wednesday, April 22nd.
On average, analysts expect that Capstar Financial will report full-year sales of $102.53 million for the current fiscal year, with estimates ranging from $101.00 million to $104.10 million. For the next year, analysts anticipate that the company will report sales of $117.58 million, with estimates ranging from $115.90 million to $120.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Capstar Financial.
Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Capstar Financial had a net margin of 19.36% and a return on equity of 9.27%. The business had revenue of $22.30 million during the quarter, compared to the consensus estimate of $23.56 million.
A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Capstar Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 7th. Zacks Investment Research downgraded Capstar Financial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 5th. SunTrust Banks increased their price target on Capstar Financial from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. ValuEngine raised Capstar Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, TheStreet downgraded Capstar Financial from a “b-” rating to a “c” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.40.
Shares of CSTR traded down $0.22 during midday trading on Friday, reaching $15.22. 21,682 shares of the stock were exchanged, compared to its average volume of 32,612. Capstar Financial has a 52 week low of $14.11 and a 52 week high of $17.48. 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’s 50 day moving average is $15.87 and its two-hundred day moving average is $16.21. The company has a market capitalization of $279.39 million, a P/E ratio of 12.68 and a beta of 0.92.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, February 6th. Capstar Financial’s payout ratio is 15.27%.
In related news, Director Julie D. Frist sold 2,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.78, for a total transaction of $33,560.00. Following the completion of the sale, the director now directly owns 226,271 shares in the company, valued at approximately $3,796,827.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CSTR. Citigroup Inc. lifted its stake in shares of Capstar Financial by 203.8% during the 4th quarter. Citigroup Inc. now owns 3,816 shares of the bank’s stock worth $64,000 after purchasing an additional 2,560 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new stake in shares of Capstar Financial during the 3rd quarter worth $89,000. CapWealth Advisors LLC purchased a new stake in shares of Capstar Financial during the 3rd quarter worth $206,000. California Public Employees Retirement System purchased a new stake in shares of Capstar Financial during the 4th quarter worth $218,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Capstar Financial during the 4th quarter worth $288,000. Hedge funds and other institutional investors own 33.46% of the company’s stock.
Capstar Financial Company Profile
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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