Equities analysts expect that Capstar Financial Holdings, Inc. (NASDAQ:CSTR) will announce sales of $32.33 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Capstar Financial’s earnings. The lowest sales estimate is $31.40 million and the highest is $34.00 million. Capstar Financial reported sales of $22.54 million in the same quarter last year, which indicates a positive year over year growth rate of 43.4%. The business is scheduled to issue its next earnings report on Monday, April 26th.
According to Zacks, analysts expect that Capstar Financial will report full year sales of $129.07 million for the current fiscal year, with estimates ranging from $123.50 million to $134.80 million. For the next financial year, analysts expect that the firm will post sales of $127.77 million, with estimates ranging from $119.50 million to $138.70 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Capstar Financial.
Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Friday, January 29th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.14. Capstar Financial had a return on equity of 7.89% and a net margin of 16.15%. The business had revenue of $34.08 million during the quarter, compared to analysts’ expectations of $31.89 million.
CSTR has been the subject of a number of analyst reports. Hovde Group initiated coverage on Capstar Financial in a report on Friday, March 19th. They issued an “outperform” rating and a $22.00 price target for the company. Zacks Investment Research upgraded Capstar Financial from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Friday, April 2nd. Finally, Raymond James upped their price target on Capstar Financial from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Capstar Financial presently has a consensus rating of “Buy” and a consensus target price of $18.25.
In other news, Director James S. Jr. Turner sold 2,500 shares of the stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $17.06, for a total transaction of $42,650.00. Following the completion of the transaction, the director now directly owns 254,798 shares in the company, valued at approximately $4,346,853.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 7,500 shares of company stock valued at $119,600. Company insiders own 13.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Banc Funds Co. LLC acquired a new stake in shares of Capstar Financial during the 4th quarter valued at approximately $137,000. Truist Financial Corp raised its position in shares of Capstar Financial by 53.7% during the 3rd quarter. Truist Financial Corp now owns 235,972 shares of the bank’s stock valued at $2,315,000 after acquiring an additional 82,436 shares in the last quarter. Barclays PLC raised its position in shares of Capstar Financial by 10.0% during the 4th quarter. Barclays PLC now owns 30,415 shares of the bank’s stock valued at $449,000 after acquiring an additional 2,760 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Capstar Financial during the 3rd quarter valued at approximately $127,000. Finally, TBH Global Asset Management LLC acquired a new stake in shares of Capstar Financial during the 4th quarter valued at approximately $221,000. Institutional investors own 32.08% of the company’s stock.
NASDAQ CSTR traded up $0.12 on Monday, reaching $18.03. The company had a trading volume of 1,281 shares, compared to its average volume of 67,211. The firm has a market capitalization of $398.17 million, a PE ratio of 17.22 and a beta of 1.13. Capstar Financial has a 1 year low of $8.52 and a 1 year high of $19.13. The firm has a 50-day moving average of $16.96 and a 200-day moving average of $13.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.90.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 24th. Stockholders of record on Wednesday, February 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Tuesday, February 9th. Capstar Financial’s dividend payout ratio (DPR) is currently 15.27%.
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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