CapStar Financial (NASDAQ:CSTR – Get Rating) will be announcing its earnings results after the market closes on Thursday, April 20th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
CapStar Financial (NASDAQ:CSTR – Get Rating) last announced its earnings results on Thursday, January 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.02). CapStar Financial had a return on equity of 10.97% and a net margin of 28.37%. The business had revenue of $31.24 million for the quarter, compared to analyst estimates of $31.44 million. On average, analysts expect CapStar Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
CapStar Financial Trading Down 1.0 %
Shares of CSTR opened at $14.68 on Thursday. CapStar Financial has a 52-week low of $13.64 and a 52-week high of $22.00. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average is $16.07 and its two-hundred day moving average is $17.16. The stock has a market cap of $316.50 million, a PE ratio of 8.29 and a beta of 0.84.
CapStar Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $0.40 annualized dividend and a yield of 2.72%. CapStar Financial’s dividend payout ratio (DPR) is presently 22.60%.
Insider Activity at CapStar Financial
In related news, Director Thomas R. Flynn acquired 1,830 shares of CapStar Financial stock in a transaction that occurred on Thursday, March 2nd. The shares were purchased at an average cost of $17.11 per share, for a total transaction of $31,311.30. Following the acquisition, the director now owns 169,405 shares in the company, valued at $2,898,519.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Thomas R. Flynn acquired 1,830 shares of CapStar Financial stock in a transaction that occurred on Thursday, March 2nd. The shares were purchased at an average cost of $17.11 per share, for a total transaction of $31,311.30. Following the acquisition, the director now owns 169,405 shares in the company, valued at $2,898,519.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas R. Flynn acquired 9,375 shares of CapStar Financial stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average price of $14.98 per share, for a total transaction of $140,437.50. Following the completion of the acquisition, the director now owns 178,780 shares in the company, valued at approximately $2,678,124.40. The disclosure for this purchase can be found here. 9.21% of the stock is owned by insiders.
Institutional Trading of CapStar Financial
A number of institutional investors and hedge funds have recently bought and sold shares of CSTR. BNP Paribas Arbitrage SA increased its stake in CapStar Financial by 49.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,065 shares of the bank’s stock worth $99,000 after purchasing an additional 1,678 shares during the period. Tower Research Capital LLC TRC increased its stake in CapStar Financial by 390.5% during the third quarter. Tower Research Capital LLC TRC now owns 6,004 shares of the bank’s stock worth $111,000 after purchasing an additional 4,780 shares during the period. BNP Paribas Arbitrage SNC increased its stake in shares of CapStar Financial by 20.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 6,122 shares of the bank’s stock worth $113,000 after buying an additional 1,057 shares during the period. Bank of America Corp DE increased its stake in shares of CapStar Financial by 36.2% during the fourth quarter. Bank of America Corp DE now owns 14,223 shares of the bank’s stock worth $251,000 after buying an additional 3,778 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of CapStar Financial by 58.5% during the first quarter. MetLife Investment Management LLC now owns 12,519 shares of the bank’s stock worth $264,000 after buying an additional 4,620 shares during the period. 45.41% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. DA Davidson cut shares of CapStar Financial from a “buy” rating to a “neutral” rating and set a $18.50 target price on the stock. in a research note on Tuesday, January 24th. StockNews.com cut shares of CapStar Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, April 5th. Janney Montgomery Scott cut shares of CapStar Financial from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Tuesday, January 24th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of CapStar Financial from $18.00 to $16.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, CapStar Financial currently has an average rating of “Hold” and an average target price of $18.70.
About CapStar Financial
CapStar Financial Holdings, Inc engages in the operation of traditional banking and other financial services. Its products and services include commercial banking, consumer banking, and wealth management. The company was founded on December 1, 2015 and is headquartered in Nashville, TN.