CapStar Financial Holdings (CSTR) Stake Raised by Deutsche Bank AG
Deutsche Bank AG lifted its stake in shares of CapStar Financial Holdings (NASDAQ:CSTR) by 144.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,498 shares of the bank’s stock after purchasing an additional 11,531 shares during the quarter. Deutsche Bank AG’s holdings in CapStar Financial were worth $402,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Ranger Investment Management L.P. grew its holdings in shares of CapStar Financial by 6.8% during the fourth quarter. Ranger Investment Management L.P. now owns 147,911 shares of the bank’s stock valued at $3,072,000 after buying an additional 9,470 shares in the last quarter. Trustcore Financial Services LLC purchased a new position in CapStar Financial in the fourth quarter valued at about $563,000. Alliancebernstein L.P. bought a new stake in shares of CapStar Financial during the 4th quarter worth about $448,000. Wells Fargo & Company MN boosted its stake in shares of CapStar Financial by 43.3% during the 3rd quarter. Wells Fargo & Company MN now owns 10,177 shares of the bank’s stock worth $199,000 after acquiring an additional 3,077 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of CapStar Financial by 1.0% during the 4th quarter. BlackRock Inc. now owns 388,842 shares of the bank’s stock worth $8,077,000 after acquiring an additional 3,682 shares in the last quarter. Institutional investors and hedge funds own 34.55% of the company’s stock.
CSTR has been the subject of several research analyst reports. Zacks Investment Research raised CapStar Financial from a “sell” rating to a “hold” rating in a research report on Friday, April 6th. Sandler O’Neill set a $20.00 target price on CapStar Financial and gave the stock a “hold” rating in a report on Wednesday, March 28th. Stephens lowered 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. Finally, ValuEngine upgraded CapStar Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.25.
CapStar Financial (NASDAQ:CSTR) last announced its quarterly earnings data on Friday, April 27th. The bank reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. CapStar Financial had a return on equity of 9.91% and a net margin of 6.70%. The company had revenue of $13.94 million during the quarter, compared to analysts’ expectations of $13.37 million. analysts expect that CapStar Financial Holdings will post 1.12 EPS for the current fiscal year.
About CapStar Financial
CapStar Financial Holdings, Inc operates as the holding company for CapStar Bank that provides commercial banking services to consumer and corporate customers located primarily in Davidson, Sumner, Williamson, and the surrounding counties 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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