CapStar Financial (CSTR) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of CapStar Financial (NASDAQ:CSTR) from a sell rating to a hold rating in a research report report published on Friday morning.

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. “

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Several other research firms have also commented on CSTR. Stephens lowered shares of CapStar Financial from an equal weight rating to an underweight rating and set a $18.00 price target on the stock. in a research report on Tuesday, January 23rd. Sandler O’Neill set a $20.00 price target on shares of CapStar Financial and gave the company a hold rating in a research report on Wednesday, March 28th. Finally, ValuEngine lowered shares of CapStar Financial from a hold rating to a sell rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. CapStar Financial has an average rating of Hold and an average price target of $19.75.

CSTR traded down $0.67 during trading on Friday, reaching $17.94. The company’s stock had a trading volume of 33,346 shares, compared to its average volume of 16,791. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.91. CapStar Financial has a 1 year low of $16.00 and a 1 year high of $22.22. The firm has a market capitalization of $215.14, a price-to-earnings ratio of 17.39 and a beta of 0.57.

CapStar Financial (NASDAQ:CSTR) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.28 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. The firm had revenue of $13.25 million for the quarter, compared to analyst estimates of $13.82 million. CapStar Financial had a net margin of 2.40% and a return on equity of 9.66%. During the same quarter in the previous year, the company earned $0.23 EPS. equities analysts anticipate that CapStar Financial will post 1.1 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CSTR. Vanguard Group Inc. raised its position in shares of CapStar Financial by 26.3% during the 2nd quarter. Vanguard Group Inc. now owns 80,470 shares of the bank’s stock valued at $1,428,000 after buying an additional 16,752 shares during the period. State Street Corp increased its holdings in CapStar Financial by 84.9% in the 2nd quarter. State Street Corp now owns 73,650 shares of the bank’s stock valued at $1,308,000 after purchasing an additional 33,826 shares during the last quarter. California State Teachers Retirement System increased its holdings in CapStar Financial by 146.8% in the 2nd quarter. California State Teachers Retirement System now owns 15,300 shares of the bank’s stock valued at $271,000 after purchasing an additional 9,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in CapStar Financial by 44.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,450 shares of the bank’s stock valued at $381,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in CapStar Financial by 23.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 26,371 shares of the bank’s stock valued at $516,000 after purchasing an additional 4,933 shares during the last quarter. 35.10% of the stock is currently owned by hedge funds and other institutional investors.

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About CapStar Financial

CapStar Financial Holdings, Inc operates as a bank holding company of CapStar Bank. Its products and services include: commercial and industrial loans to small and medium sized businesses; commercial real estate loans; private banking and wealth management services; and correspondent banking services.

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