Hennessy Advisors Inc. lowered its position in Capstar Financial Holdings Inc. (NASDAQ:CSTR) by 8.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 322,500 shares of the bank’s stock after selling 31,484 shares during the quarter. Hennessy Advisors Inc. owned about 2.84% of Capstar Financial Holdings worth $6,315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Capstar Financial Holdings in the second quarter valued at about $380,000. Wellington Management Group LLP grew its holdings in shares of Capstar Financial Holdings by 1.0% in the first quarter. Wellington Management Group LLP now owns 183,206 shares of the bank’s stock valued at $3,494,000 after purchasing an additional 1,849 shares during the period. Wells Fargo & Company MN purchased a new stake in shares of Capstar Financial Holdings in the first quarter valued at about $135,000. Goldman Sachs Group Inc. purchased a new stake in shares of Capstar Financial Holdings in the first quarter valued at about $529,000. Finally, Shayne & CO. LLC purchased a new stake in shares of Capstar Financial Holdings in the second quarter valued at about $355,000. 34.05% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have weighed in on the stock. ValuEngine lowered shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 target price on shares of Capstar Financial Holdings in a research note on Tuesday, October 3rd. Sandler O’Neill lowered shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating and lowered their target price for the stock from $21.00 to $19.00 in a research note on Tuesday, August 1st. Stephens set a $17.00 target price on shares of Capstar Financial Holdings and gave the stock a “hold” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research lowered shares of Capstar Financial Holdings from a “buy” rating to a “sell” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Capstar Financial Holdings has a consensus rating of “Hold” and a consensus price target of $18.50.

In other news, Director Julie D. Frist sold 2,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $19.50, for a total transaction of $39,000.00. Following the sale, the director now owns 211,821 shares of the company’s stock, valued at $4,130,509.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Gaylon M. Jr. Lawrence purchased 21,208 shares of Capstar Financial Holdings stock in a transaction dated Monday, October 16th. The shares were acquired at an average cost of $20.38 per share, for a total transaction of $432,219.04. The disclosure for this purchase can be found here. 19.28% of the stock is currently owned by corporate insiders.

Shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) traded down $0.13 during mid-day trading on Friday, reaching $19.32. 9,815 shares of the company’s stock traded hands, compared to its average volume of 41,335. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $217.99 and a price-to-earnings ratio of 19.07. Capstar Financial Holdings Inc. has a one year low of $16.00 and a one year high of $22.35.

Capstar Financial Holdings (NASDAQ:CSTR) last issued 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. The business had revenue of $14.22 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.20 earnings per share. sell-side analysts anticipate that Capstar Financial Holdings Inc. will post 0.29 EPS for the current fiscal year.

Capstar Financial Holdings Company Profile

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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Institutional Ownership by Quarter for Capstar Financial Holdings (NASDAQ:CSTR)

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