Goldman Sachs Group Inc. Boosts Position in Capstar Financial Holdings Inc. (CSTR)
Goldman Sachs Group Inc. boosted its holdings in Capstar Financial Holdings Inc. (NASDAQ:CSTR) by 10.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,673 shares of the bank’s stock after purchasing an additional 2,943 shares during the quarter. Goldman Sachs Group Inc. owned about 0.27% of Capstar Financial Holdings worth $544,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN acquired a new stake in Capstar Financial Holdings in the 1st quarter valued at $135,000. New York State Common Retirement Fund grew its position in Capstar Financial Holdings by 410.8% in the 2nd quarter. New York State Common Retirement Fund now owns 9,200 shares of the bank’s stock valued at $163,000 after purchasing an additional 7,399 shares during the period. Huber Capital Management LLC acquired a new stake in Capstar Financial Holdings in the 2nd quarter valued at $211,000. Schwab Charles Investment Management Inc. acquired a new stake in Capstar Financial Holdings in the 2nd quarter valued at $268,000. Finally, Teachers Advisors LLC grew its position in Capstar Financial Holdings by 396.2% in the 2nd quarter. Teachers Advisors LLC now owns 16,232 shares of the bank’s stock valued at $288,000 after purchasing an additional 12,961 shares during the period. 33.97% of the stock is owned by institutional investors and hedge funds.
Capstar Financial Holdings Inc. (NASDAQ CSTR) opened at $19.32 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 1.00. The stock has a market cap of $219.46, a price-to-earnings ratio of 18.94 and a beta of 1.41. Capstar Financial Holdings Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $22.35.
Capstar Financial Holdings (NASDAQ:CSTR) last posted its quarterly earnings data on Monday, October 16th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.12. The firm had revenue of $14.22 million for the quarter, compared to the consensus estimate of $13.56 million. Capstar Financial Holdings had a net margin of 7.05% and a return on equity of 9.27%. During the same period in the previous year, the firm earned $0.20 EPS. sell-side analysts anticipate that Capstar Financial Holdings Inc. will post 0.29 earnings per share for the current fiscal year.
In related news, major shareholder Gaylon M. Jr. Lawrence purchased 21,208 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were bought at an average cost of $20.38 per share, with a total value of $432,219.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Julie D. Frist sold 2,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $19.50, for a total transaction of $39,000.00. Following the completion of the transaction, the director now directly owns 211,821 shares in the company, valued at $4,130,509.50. The disclosure for this sale can be found here. 19.28% of the stock is owned by insiders.
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A number of equities analysts have issued reports on CSTR shares. Sandler O’Neill downgraded shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating and cut their price objective for the stock from $21.00 to $19.00 in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Capstar Financial Holdings from a “buy” rating to a “sell” rating in a report on Thursday, August 3rd. Stephens set a $17.00 price objective on shares of Capstar Financial Holdings and gave the stock a “hold” rating in a report on Monday, August 14th. ValuEngine downgraded shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 price objective on shares of Capstar Financial Holdings in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.50.
About Capstar Financial Holdings
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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