Capstar Financial Holdings Inc. (NASDAQ:CSTR) Director Julie D. Frist sold 2,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 211,821 shares in the company, valued at $4,130,509.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Capstar Financial Holdings Inc. (CSTR) traded up $0.04 during mid-day trading on Friday, reaching $20.33. 16,290 shares of the company’s stock traded hands, compared to its average volume of 28,501. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.95. The company has a market capitalization of $230.93, a P/E ratio of 19.93 and a beta of 1.41. Capstar Financial Holdings Inc. has a 12 month low of $16.00 and a 12 month high of $22.35.
Capstar Financial Holdings (NASDAQ:CSTR) last issued its quarterly earnings data on Monday, October 16th. The bank reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.12. Capstar Financial Holdings had a net margin of 7.05% and a return on equity of 9.27%. The business had revenue of $14.22 million during the quarter, compared to analysts’ expectations of $13.56 million. During the same period in the previous year, the company earned $0.20 earnings per share. sell-side analysts expect that Capstar Financial Holdings Inc. will post 0.36 earnings per share for the current fiscal year.
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Several research analysts have recently weighed in on CSTR shares. Sandler O’Neill downgraded shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating and dropped their target price for the stock from $21.00 to $19.00 in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Capstar Financial Holdings from a “buy” rating to a “sell” rating in a research report on Thursday, August 3rd. Stephens set a $17.00 price objective on shares of Capstar Financial Holdings and gave the company a “hold” rating in a research report on Monday, August 14th. ValuEngine downgraded shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating in a research 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 research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $18.50.
Several institutional investors have recently modified their holdings of CSTR. SG Americas Securities LLC acquired a new stake in shares of Capstar Financial Holdings in the third quarter worth $120,000. Wells Fargo & Company MN acquired a new position in Capstar Financial Holdings during the 1st quarter valued at $135,000. New York State Common Retirement Fund raised its stake in Capstar Financial Holdings by 410.8% during 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 last quarter. Huber Capital Management LLC acquired a new position in Capstar Financial Holdings during the 2nd quarter valued at $211,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Capstar Financial Holdings during the 2nd quarter valued at $268,000. Institutional investors and hedge funds own 33.97% of the company’s stock.
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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