Trustcore Financial Services LLC lessened its stake in shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,859 shares of the bank’s stock after selling 1,154 shares during the period. Trustcore Financial Services LLC owned 0.15% of Capstar Financial worth $381,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its position in Capstar Financial by 29.7% in the third quarter. Acadian Asset Management LLC now owns 25,525 shares of the bank’s stock worth $426,000 after purchasing an additional 5,847 shares during the period. Dimensional Fund Advisors LP lifted its position in Capstar Financial by 34.2% in the third quarter. Dimensional Fund Advisors LP now owns 127,869 shares of the bank’s stock worth $2,135,000 after purchasing an additional 32,610 shares during the period. Woodmont Investment Counsel LLC lifted its position in Capstar Financial by 180.0% in the third quarter. Woodmont Investment Counsel LLC now owns 28,000 shares of the bank’s stock worth $468,000 after purchasing an additional 18,000 shares during the period. Penn Capital Management Co. Inc. lifted its position in Capstar Financial by 4.6% in the third quarter. Penn Capital Management Co. Inc. now owns 185,713 shares of the bank’s stock worth $3,101,000 after purchasing an additional 8,130 shares during the period. Finally, Martingale Asset Management L P bought a new position in Capstar Financial in the third quarter worth $201,000. Institutional investors and hedge funds own 23.74% of the company’s stock.
Several research analysts recently commented on CSTR shares. Zacks Investment Research raised Capstar Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 17th. Compass Point raised Capstar Financial from a “sell” rating to a “neutral” rating and set a $17.00 price objective for the company in a report on Wednesday, October 17th. Raymond James raised Capstar Financial from a “market perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a report on Monday, October 29th. Finally, ValuEngine raised Capstar Financial from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Capstar Financial has a consensus rating of “Hold” and an average target price of $18.80.
Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.05. The company had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $19.60 million. Capstar Financial had a return on equity of 11.33% and a net margin of 11.60%. Analysts predict that Capstar Financial Holdings Inc will post 1.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Shareholders of record on Tuesday, February 5th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, February 4th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.99%. Capstar Financial’s payout ratio is presently 13.45%.
Capstar Financial declared that its Board of Directors has initiated a share buyback plan on Friday, December 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the bank to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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Capstar Financial 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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