Capstar Financial Holdings Inc (NASDAQ:CSTR) Announces Quarterly Dividend of $0.05

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Capstar Financial Holdings Inc (NASDAQ:CSTR) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.05 per share by the bank on Friday, November 22nd. This represents a $0.20 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, November 7th.

Shares of Capstar Financial stock traded up $0.07 on Tuesday, hitting $17.05. 39,300 shares of the company’s stock traded hands, compared to its average volume of 63,652. The firm’s 50-day moving average price is $16.55 and its two-hundred day moving average price is $15.60. The stock has a market capitalization of $298.17 million, a PE ratio of 14.33 and a beta of 0.92. Capstar Financial has a one year low of $13.51 and a one year high of $17.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.97 and a quick ratio of 0.92.

Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Friday, October 25th. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $23.94 million during the quarter, compared to analysts’ expectations of $23.75 million. Capstar Financial had a net margin of 13.90% and a return on equity of 9.72%. On average, analysts forecast that Capstar Financial will post 1.33 earnings per share for the current fiscal year.

In other news, insider Timothy Kyle Schools purchased 32,446 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $15.41 per share, with a total value of $499,992.86. Following the acquisition, the insider now directly owns 32,446 shares of the company’s stock, valued at $499,992.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie D. Frist sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $16.64, for a total transaction of $33,280.00. Following the completion of the transaction, the director now directly owns 226,271 shares of the company’s stock, valued at $3,765,149.44. The disclosure for this sale can be found here. Insiders bought a total of 68,813 shares of company stock valued at $1,012,859 in the last three months. 13.60% of the stock is owned by company insiders.

CSTR has been the subject of several recent research reports. TheStreet upgraded shares of Capstar Financial from a “c” rating to a “b-” rating in a research report on Monday, September 23rd. Compass Point raised shares of Capstar Financial from a “sell” rating to a “neutral” rating and set a $16.00 price target for the company in a report on Friday, July 26th. Zacks Investment Research raised shares of Capstar Financial from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, October 31st. Stephens reissued a “hold” rating and issued a $17.00 price target on shares of Capstar Financial in a report on Monday, July 29th. Finally, BidaskClub raised shares of Capstar Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.20.

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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Dividend History for Capstar Financial (NASDAQ:CSTR)

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