Capstar Financial Holdings Inc. (NASDAQ:CSTR) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.67.

A number of brokerages have recently issued reports on CSTR. ValuEngine cut shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Sandler O’Neill cut shares of Capstar Financial Holdings from a “buy” rating to a “hold” rating and cut their price objective for the company from $21.00 to $19.00 in a research note on Tuesday, August 1st. Stephens set a $17.00 price objective on shares of Capstar Financial Holdings and gave the company a “hold” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research raised shares of Capstar Financial Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 16th.

In other news, Director Dale W. Polley purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average cost of $16.99 per share, for a total transaction of $50,970.00. Following the acquisition, the director now directly owns 5,704 shares of the company’s stock, valued at approximately $96,910.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher G. Tietz purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average price of $17.00 per share, with a total value of $34,000.00. Following the completion of the acquisition, the insider now directly owns 5,100 shares in the company, valued at $86,700. The disclosure for this purchase can be found here. 19.28% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its holdings in Capstar Financial Holdings by 146.8% in the 2nd quarter. California State Teachers Retirement System now owns 15,300 shares of the bank’s stock worth $271,000 after purchasing an additional 9,100 shares in the last quarter. State Street Corp raised its holdings in Capstar Financial Holdings by 84.9% in the 2nd quarter. State Street Corp now owns 73,650 shares of the bank’s stock worth $1,308,000 after purchasing an additional 33,826 shares in the last quarter. Royal Bank of Canada raised its holdings in Capstar Financial Holdings by 20,308.2% in the 2nd quarter. Royal Bank of Canada now owns 20,000 shares of the bank’s stock worth $355,000 after purchasing an additional 19,902 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Capstar Financial Holdings by 10.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 30,673 shares of the bank’s stock worth $544,000 after purchasing an additional 2,943 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in Capstar Financial Holdings in the 2nd quarter worth $364,000. Institutional investors own 35.44% of the company’s stock.

Shares of Capstar Financial Holdings (CSTR) traded down 0.28% during midday trading on Friday, hitting $18.00. The stock had a trading volume of 20,390 shares. The firm has a market cap of $202.34 million and a price-to-earnings ratio of 101.69. The firm has a 50-day moving average price of $17.74 and a 200-day moving average price of $17.74. Capstar Financial Holdings has a 1-year low of $15.86 and a 1-year high of $22.35.

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About Capstar Financial Holdings

CapStar Financial Holdings, Inc is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking.

Analyst Recommendations for Capstar Financial Holdings (NASDAQ:CSTR)

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