Analysts Set Capstar Financial Holdings Inc (CSTR) Target Price at $18.67

Capstar Financial Holdings Inc (NASDAQ:CSTR) has received an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.67.

Several analysts recently weighed in on CSTR shares. ValuEngine raised Capstar Financial from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research upgraded Capstar Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Compass Point lowered Capstar Financial from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 8th. Finally, Raymond James upgraded Capstar Financial from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, October 29th.

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Capstar Financial by 114.9% in the fourth quarter. Bank of New York Mellon Corp now owns 62,237 shares of the bank’s stock worth $917,000 after purchasing an additional 33,274 shares during the last quarter. BlackRock Inc. grew its position in Capstar Financial by 2.1% in the 4th quarter. BlackRock Inc. now owns 401,957 shares of the bank’s stock worth $5,921,000 after purchasing an additional 8,271 shares during the period. Rhumbline Advisers bought a new stake in Capstar Financial in the 4th quarter worth approximately $160,000. Vanguard Group Inc grew its position in Capstar Financial by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 300,773 shares of the bank’s stock worth $5,023,000 after purchasing an additional 3,318 shares during the period. Finally, Vanguard Group Inc. grew its position in Capstar Financial by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 300,773 shares of the bank’s stock worth $5,023,000 after purchasing an additional 3,318 shares during the period. 23.74% of the stock is owned by institutional investors.

Shares of NASDAQ CSTR traded down $0.09 during midday trading on Wednesday, hitting $16.20. 100 shares of the company’s stock were exchanged, compared to its average volume of 20,366. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. Capstar Financial has a 12 month low of $13.51 and a 12 month high of $20.87. The company has a market capitalization of $283.33 million, a P/E ratio of 13.61 and a beta of 0.98.

Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Thursday, January 24th. The bank reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Capstar Financial had a return on equity of 11.33% and a net margin of 11.60%. The company had revenue of $24.10 million during the quarter, compared to the consensus estimate of $19.60 million. Analysts predict that Capstar Financial will post 1.23 EPS for the current fiscal year.

Capstar Financial announced that its board has approved a share repurchase plan on Friday, December 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Investors of record on Tuesday, February 5th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, February 4th. This represents a $0.16 dividend on an annualized basis and a yield of 0.99%. Capstar Financial’s dividend payout ratio is currently 13.45%.

Capstar Financial Company Profile

CapStar Financial Holdings, Inc operates as the holding company for CapStar Bank that provides commercial banking services to consumer and corporate customers located primarily in Davidson, Sumner, Williamson, and the surrounding counties in Tennessee, the United States. It offers a range of deposit products and services, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.

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