Wasatch Advisors Inc. Has $1.84 Million Holdings in Capstar Financial Holdings Inc. (CSTR)
Wasatch Advisors Inc. reduced its stake in shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) by 6.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 93,719 shares of the bank’s stock after selling 6,281 shares during the period. Wasatch Advisors Inc. owned approximately 0.82% of Capstar Financial Holdings worth $1,835,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in CSTR. Northern Trust Corp grew its position in Capstar Financial Holdings by 176.3% during the 2nd quarter. Northern Trust Corp now owns 82,547 shares of the bank’s stock worth $1,465,000 after purchasing an additional 52,673 shares during the period. State Street Corp grew its position in Capstar Financial Holdings by 84.9% during the 2nd quarter. State Street Corp now owns 73,650 shares of the bank’s stock worth $1,308,000 after purchasing an additional 33,826 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Capstar Financial Holdings during the 1st quarter valued at about $529,000. Bank of New York Mellon Corp acquired a new stake in shares of Capstar Financial Holdings during the 2nd quarter valued at about $380,000. Finally, Stifel Financial Corp acquired a new stake in shares of Capstar Financial Holdings during the 2nd quarter valued at about $364,000. 36.35% of the stock is currently owned by institutional investors.
Shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) opened at $20.92 on Friday. Capstar Financial Holdings Inc. has a 12-month low of $16.00 and a 12-month high of $22.35. 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 company has a market capitalization of $239.00, a PE ratio of 20.63 and a beta of 1.41.
Capstar Financial Holdings (NASDAQ:CSTR) last posted its earnings results on Monday, October 16th. The bank reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.12. Capstar Financial Holdings had a return on equity of 9.27% and a net margin of 7.05%. The firm had revenue of $14.22 million for the quarter, compared to analysts’ expectations of $13.56 million. During the same period last year, the firm earned $0.20 EPS. analysts predict that Capstar Financial Holdings Inc. will post 0.36 earnings per share for the current fiscal year.
In other news, major shareholder Gaylon M. Jr. Lawrence acquired 21,208 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were bought at an average cost of $20.38 per share, for a total transaction of $432,219.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Julie D. Frist sold 2,000 shares of Capstar Financial Holdings stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $19.50, for a total value of $39,000.00. Following the completion of the sale, the director now 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 company insiders.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Capstar Financial Holdings from a “buy” rating to a “sell” rating in a research report on Thursday, August 3rd. ValuEngine cut Capstar Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 target price on shares of Capstar Financial Holdings in a research report on Tuesday, October 3rd. Sandler O’Neill cut Capstar Financial Holdings from a “buy” rating to a “hold” rating and dropped their target price for the company from $21.00 to $19.00 in a research report on Tuesday, August 1st. Finally, Stephens set a $17.00 target price on Capstar Financial Holdings and gave the company a “hold” rating in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Capstar Financial Holdings presently has a consensus rating of “Hold” and a consensus target price of $18.50.
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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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