Capstar Financial Holdings Inc (NASDAQ:CSTR) Director Toby S. Wilt Acquires 3,920 Shares

Capstar Financial Holdings Inc (NASDAQ:CSTR) Director Toby S. Wilt acquired 3,920 shares of Capstar Financial stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average cost of $3.28 per share, with a total value of $12,857.60.

CSTR opened at $16.82 on Friday. Capstar Financial Holdings Inc has a fifty-two week low of $13.51 and a fifty-two week high of $17.71. The business has a 50-day moving average of $15.57 and a 200-day moving average of $15.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.97 and a quick ratio of 0.92. The company has a market capitalization of $294.13 million, a PE ratio of 12.89 and a beta of 0.90.

Capstar Financial (NASDAQ:CSTR) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.07. Capstar Financial had a return on equity of 9.68% and a net margin of 12.70%. The company had revenue of $24.04 million during the quarter, compared to the consensus estimate of $22.60 million. On average, equities research analysts expect that Capstar Financial Holdings Inc will post 1.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, August 9th. Capstar Financial’s dividend payout ratio is 16.81%.

Several brokerages recently issued reports on CSTR. Zacks Investment Research downgraded Capstar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Sandler O’Neill downgraded Capstar Financial from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Wednesday, June 26th. ValuEngine raised Capstar Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, July 29th. Compass Point raised Capstar Financial from a “sell” rating to a “neutral” rating and set a $16.00 price target for the company in a research note on Friday, July 26th. Finally, BidaskClub raised Capstar Financial from a “hold” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.80.

Several hedge funds and other institutional investors have recently modified their holdings of CSTR. BlackRock Inc. increased its holdings in shares of Capstar Financial by 78.8% during the 2nd quarter. BlackRock Inc. now owns 733,256 shares of the bank’s stock valued at $11,109,000 after acquiring an additional 323,074 shares during the last quarter. Context BH Capital Management LP increased its holdings in shares of Capstar Financial by 28.3% during the 2nd quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock valued at $3,611,000 after acquiring an additional 52,642 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Capstar Financial by 30.4% during the 2nd quarter. Renaissance Technologies LLC now owns 138,572 shares of the bank’s stock valued at $2,099,000 after acquiring an additional 32,300 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Capstar Financial by 66.4% during the 2nd quarter. Acadian Asset Management LLC now owns 61,994 shares of the bank’s stock valued at $940,000 after acquiring an additional 24,741 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Capstar Financial by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 471,697 shares of the bank’s stock valued at $7,146,000 after acquiring an additional 24,298 shares during the last quarter. 30.26% of the stock is currently owned by institutional investors and hedge funds.

Capstar Financial Company Profile

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily 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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