Zacks Investment Research Downgrades Capstar Financial (NASDAQ:CSTR) to Hold

Capstar Financial (NASDAQ:CSTR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, December 26th.

According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers baking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “

CSTR has been the subject of several other reports. ValuEngine cut Capstar Financial from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $18.00 price target on shares of Capstar Financial in a report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $19.25.

Shares of Capstar Financial (NASDAQ:CSTR) opened at $21.63 on Tuesday. The firm has a market capitalization of $242.06, a P/E ratio of 61.80 and a beta of 1.75. 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 fifty-two week low of $16.00 and a fifty-two week high of $22.22.

Capstar Financial (NASDAQ:CSTR) last released its quarterly earnings results on Monday, October 16th. The bank reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.12. The business had revenue of $14.22 million during the quarter, compared to analysts’ expectations of $13.56 million. Capstar Financial had a return on equity of 9.27% and a net margin of 7.05%. During the same period last year, the firm posted $0.20 EPS. analysts predict that Capstar Financial will post 0.36 earnings per share for the current year.

In other news, Director Julie D. Frist sold 2,000 shares of Capstar Financial stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $21.15, for a total value of $42,300.00. Following the transaction, the director now owns 211,821 shares in the company, valued at approximately $4,480,014.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Corsair Capital Llc sold 117,439 shares of Capstar Financial stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $21.82, for a total value of $2,562,518.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,439 shares of company stock worth $2,643,819. Corporate insiders own 19.28% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Banc Funds Co. LLC increased its stake in shares of Capstar Financial by 4.3% in the 2nd quarter. Banc Funds Co. LLC now owns 323,300 shares of the bank’s stock valued at $5,735,000 after purchasing an additional 13,300 shares during the last quarter. Penn Capital Management Co. Inc. increased its stake in shares of Capstar Financial by 1.1% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 218,333 shares of the bank’s stock valued at $3,873,000 after purchasing an additional 2,424 shares during the last quarter. Huber Capital Management LLC increased its stake in shares of Capstar Financial by 1,129.8% in the 3rd quarter. Huber Capital Management LLC now owns 145,939 shares of the bank’s stock valued at $2,857,000 after purchasing an additional 134,072 shares during the last quarter. Northern Trust Corp increased its stake in shares of Capstar Financial by 176.3% in the 2nd quarter. Northern Trust Corp now owns 82,547 shares of the bank’s stock valued at $1,465,000 after purchasing an additional 52,673 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Capstar Financial by 26.3% in the 2nd quarter. Vanguard Group Inc. now owns 80,470 shares of the bank’s stock valued at $1,428,000 after purchasing an additional 16,752 shares during the last quarter. Institutional investors own 35.64% of the company’s stock.

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Capstar Financial Company Profile

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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