Capstar Financial (NASDAQ:CSTR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, Zacks.com reports. The firm currently has a $23.00 price objective on the bank’s stock. Zacks Investment Research’s target price suggests a potential upside of 11.70% from the company’s previous close.
According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers banking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “
Separately, Janney Montgomery Scott assumed coverage on shares of Capstar Financial in a report on Wednesday, September 1st. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Capstar Financial currently has a consensus rating of “Buy” and a consensus price target of $22.80.
Shares of CSTR stock traded up $0.22 during trading hours on Monday, reaching $20.59. 31,233 shares of the stock were exchanged, compared to its average volume of 64,155. Capstar Financial has a 12-month low of $13.68 and a 12-month high of $23.00. The company’s 50-day moving average price is $21.51 and its 200-day moving average price is $21.22. The firm has a market capitalization of $456.42 million, a price-to-earnings ratio of 9.95 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 0.08.
Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings data on Wednesday, October 20th. The bank reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Capstar Financial had a net margin of 32.35% and a return on equity of 13.45%. The company had revenue of $34.62 million during the quarter, compared to analyst estimates of $32.21 million. During the same quarter last year, the business posted $0.43 EPS. On average, sell-side analysts expect that Capstar Financial will post 2.16 EPS for the current year.
In other news, Director James S. Jr. Turner sold 2,500 shares of the company’s stock in a transaction on Monday, November 1st. The shares were sold at an average price of $20.99, for a total value of $52,475.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.93% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Capital Square LLC boosted its holdings in Capstar Financial by 15.7% in the 3rd quarter. Capital Square LLC now owns 63,000 shares of the bank’s stock worth $1,348,000 after buying an additional 8,560 shares during the last quarter. Zacks Investment Management acquired a new position in shares of Capstar Financial during the 2nd quarter worth approximately $450,000. Marshall Wace LLP acquired a new position in shares of Capstar Financial during the 2nd quarter worth approximately $274,000. Bridgeway Capital Management LLC acquired a new position in shares of Capstar Financial during the 2nd quarter worth approximately $410,000. Finally, Huber Capital Management LLC raised its position in shares of Capstar Financial by 10.2% during the 2nd quarter. Huber Capital Management LLC now owns 38,620 shares of the bank’s stock valued at $792,000 after buying an additional 3,563 shares during the period. Hedge funds and other institutional investors own 39.73% of the company’s stock.
Capstar Financial Company Profile
CapStar Financial Holdings, Inc is a bank holding company, which engages in the provision of commercial banking services. Its products and services include commercial and industrial loans to small and medium sized businesses; commercial real estate loans; mortgage banking; and private banking and wealth management services for the owners and operators of its business clients and other high net worth individuals.