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

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

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 banking 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. “

A number of other equities analysts have also commented on CSTR. BidaskClub upgraded shares of Capstar Financial from a strong sell rating to a sell rating in a research report on Wednesday, June 12th. Stephens restated a hold rating and issued a $17.00 price target on shares of Capstar Financial in a research report on Wednesday, May 15th. Finally, ValuEngine lowered shares of Capstar Financial from a sell rating to a strong sell rating in a research report on Monday, March 25th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $17.40.

NASDAQ:CSTR opened at $15.83 on Friday. The firm has a market capitalization of $282.32 million, a price-to-earnings ratio of 13.30 and a beta of 0.93. Capstar Financial has a 12 month low of $13.51 and a 12 month high of $19.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.94 and a current ratio of 0.99. The company has a 50-day moving average price of $15.10.

Capstar Financial (NASDAQ:CSTR) last released 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 analyst estimates of $22.20 million. Capstar Financial had a net margin of 11.94% and a return on equity of 9.39%. Analysts expect that Capstar Financial will post 1.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Capstar Financial’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, May 9th. Capstar Financial’s dividend payout ratio is presently 16.81%.

Several hedge funds have recently made changes to their positions in the company. Context BH Capital Management LP increased its position in Capstar Financial by 24.1% during the first quarter. Context BH Capital Management LP now owns 185,709 shares of the bank’s stock worth $2,682,000 after acquiring an additional 36,097 shares during the period. Acadian Asset Management LLC increased its position in Capstar Financial by 45.9% during the first quarter. Acadian Asset Management LLC now owns 37,253 shares of the bank’s stock worth $538,000 after acquiring an additional 11,728 shares during the period. Penn Capital Management Co. Inc. increased its position in Capstar Financial by 3.4% during the first quarter. Penn Capital Management Co. Inc. now owns 202,977 shares of the bank’s stock worth $2,931,000 after acquiring an additional 6,701 shares during the period. Spark Investment Management LLC increased its position in Capstar Financial by 7.0% during the first quarter. Spark Investment Management LLC now owns 19,795 shares of the bank’s stock worth $285,000 after acquiring an additional 1,295 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Capstar Financial by 695.1% during the first quarter. BNP Paribas Arbitrage SA now owns 1,789 shares of the bank’s stock worth $26,000 after acquiring an additional 1,564 shares during the period. Institutional investors own 27.67% 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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