Capstar Financial (CSTR) Scheduled to Post Quarterly Earnings on Thursday
Capstar Financial (NASDAQ:CSTR) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Capstar Financial (NASDAQ:CSTR) last posted its quarterly earnings results on Monday, October 16th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.12. Capstar Financial had a net margin of 7.05% and a return on equity of 9.27%. The firm had revenue of $14.22 million for the quarter, compared to analyst estimates of $13.56 million. During the same period in the prior year, the firm posted $0.20 earnings per share. On average, analysts expect Capstar Financial to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Capstar Financial (NASDAQ:CSTR) opened at $21.63 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. Capstar Financial has a 1 year low of $16.00 and a 1 year high of $22.22. The stock has a market cap of $245.70 and a price-to-earnings ratio of 69.77.
In other news, Director Julie D. Frist sold 2,000 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $21.15, for a total value of $42,300.00. Following the transaction, the director now directly owns 211,821 shares of the company’s stock, valued at $4,480,014.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Corsair Capital Llc sold 117,439 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $21.82, for a total transaction of $2,562,518.98. The disclosure for this sale can be found here. Insiders have sold 121,439 shares of company stock worth $2,643,819 over the last ninety days. Insiders own 19.28% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Capstar Financial by 146.8% in the second 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 period. State Street Corp raised its position in shares of Capstar Financial by 84.9% in the second 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 period. Finally, Vanguard Group Inc. raised its position in shares of Capstar Financial by 26.3% in the second 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 period. 35.64% of the stock is currently owned by institutional investors.
About Capstar Financial
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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