BidaskClub Upgrades Capstar Financial (NASDAQ:CSTR) to “Sell”

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Capstar Financial (NASDAQ:CSTR) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday, BidAskClub reports.

CSTR has been the subject of several other research reports. Zacks Investment Research upgraded shares of Capstar Financial from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, March 13th. ValuEngine downgraded shares of Capstar Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, March 25th. Finally, Stephens restated a “hold” rating and issued a $17.00 price objective on shares of Capstar Financial in a report on Wednesday, May 15th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.40.

Shares of NASDAQ CSTR opened at $15.69 on Wednesday. The company has a market cap of $264.99 million, a price-to-earnings ratio of 13.18 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.94 and a current ratio of 0.99. Capstar Financial has a twelve month low of $13.51 and a twelve month high of $20.27.

Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The firm had revenue of $21.74 million during the quarter, compared to the consensus estimate of $22.20 million. Capstar Financial had a net margin of 11.94% and a return on equity of 9.39%. On average, analysts anticipate that Capstar Financial will post 1.22 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its holdings in Capstar Financial by 695.1% in the first quarter. BNP Paribas Arbitrage SA now owns 1,789 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,564 shares in the last quarter. Patten & Patten Inc. TN acquired a new position in shares of Capstar Financial during the 1st quarter worth $153,000. Rhumbline Advisers purchased a new stake in Capstar Financial during the 4th quarter worth about $160,000. Millennium Management LLC purchased a new stake in Capstar Financial in the 4th quarter valued at about $175,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Capstar Financial by 4.1% during the 1st quarter. Wells Fargo & Company MN now owns 17,778 shares of the bank’s stock worth $257,000 after purchasing an additional 699 shares during the period. 28.54% of the stock is currently owned by institutional investors and hedge funds.

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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