Capstar Financial (NASDAQ:CSTR) Lowered to Hold at BidaskClub
A number of other research firms have also weighed in on CSTR. SunTrust Banks assumed coverage on shares of Capstar Financial in a report on Friday, October 11th. They set a hold rating and a $18.00 target price for the company. TheStreet lowered shares of Capstar Financial from a b- rating to a c rating in a report on Monday, November 11th. Zacks Investment Research lowered shares of Capstar Financial from a buy rating to a hold rating in a report on Wednesday, November 13th. Compass Point upgraded shares of Capstar Financial from a sell rating to a neutral rating and set a $16.00 target price for the company in a report on Friday, July 26th. Finally, ValuEngine upgraded shares of Capstar Financial from a strong sell rating to a sell rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of Hold and an average target price of $17.20.
NASDAQ CSTR traded up $0.02 during trading on Friday, hitting $16.99. 6,687 shares of the company’s stock traded hands, compared to its average volume of 44,579. The stock has a fifty day moving average of $16.58 and a two-hundred day moving average of $15.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.97 and a quick ratio of 0.90. Capstar Financial has a 12-month low of $13.51 and a 12-month high of $17.33. The firm has a market cap of $308.58 million, a P/E ratio of 14.31 and a beta of 0.92.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.18%. Capstar Financial’s dividend payout ratio is currently 16.81%.
In related news, Director Thomas R. Flynn acquired 32,447 shares of the stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $15.41 per share, for a total transaction of $500,008.27. Following the completion of the acquisition, the director now directly owns 151,642 shares of the company’s stock, valued at approximately $2,336,803.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $17.00, for a total transaction of $34,000.00. Following the completion of the sale, the director now owns 226,271 shares of the company’s stock, valued at $3,846,607. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 68,813 shares of company stock valued at $1,012,859. 13.60% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Capstar Financial by 78.8% in the second quarter. BlackRock Inc. now owns 733,256 shares of the bank’s stock worth $11,109,000 after buying an additional 323,074 shares during the period. Vanguard Group Inc. lifted its holdings in Capstar Financial by 5.4% in the second quarter. Vanguard Group Inc. now owns 471,697 shares of the bank’s stock worth $7,146,000 after buying an additional 24,298 shares during the period. Russell Investments Group Ltd. lifted its holdings in Capstar Financial by 1,318.5% in the third quarter. Russell Investments Group Ltd. now owns 270,675 shares of the bank’s stock worth $4,488,000 after buying an additional 251,593 shares during the period. Context BH Capital Management LP lifted its holdings in Capstar Financial by 28.3% in the second quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock worth $3,611,000 after buying an additional 52,642 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Capstar Financial by 30.4% in the second quarter. Renaissance Technologies LLC now owns 138,572 shares of the bank’s stock worth $2,099,000 after buying an additional 32,300 shares during the period. Institutional investors and hedge funds own 32.09% 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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