Capstar Financial Holdings Inc. (CSTR) Issues Earnings Results
Capstar Financial Holdings Inc. (NASDAQ:CSTR) released its quarterly earnings data on Monday. The bank reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.12, MarketWatch Earnings reports. Capstar Financial Holdings had a return on equity of 7.70% and a net margin of 3.40%. During the same period last year, the company posted $0.20 EPS.
Capstar Financial Holdings (NASDAQ CSTR) traded up 7.11% during trading on Monday, hitting $20.80. The stock had a trading volume of 61,485 shares. The company has a market cap of $233.81 million and a P/E ratio of 117.51. The company has a 50 day moving average of $18.87 and a 200-day moving average of $18.87. Capstar Financial Holdings has a 12-month low of $15.90 and a 12-month high of $22.35.
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In related news, Director Dale W. Polley purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of $16.99 per share, for a total transaction of $50,970.00. Following the purchase, the director now owns 5,704 shares in the company, valued at approximately $96,910.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie D. Frist sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $19.44, for a total value of $38,880.00. The disclosure for this sale can be found here. Corporate insiders own 19.28% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in shares of Capstar Financial Holdings by 146.8% during the 2nd quarter. California State Teachers Retirement System now owns 15,300 shares of the bank’s stock worth $271,000 after acquiring an additional 9,100 shares in the last quarter. State Street Corp boosted its stake in shares of Capstar Financial Holdings by 84.9% during the 2nd quarter. State Street Corp now owns 73,650 shares of the bank’s stock worth $1,308,000 after acquiring an additional 33,826 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Capstar Financial Holdings by 26.3% during the 2nd quarter. Vanguard Group Inc. now owns 80,470 shares of the bank’s stock worth $1,428,000 after acquiring an additional 16,752 shares in the last quarter. Institutional investors own 35.44% of the company’s stock.
CSTR has been the topic of several research analyst reports. Zacks Investment Research raised Capstar Financial Holdings from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Monday, July 3rd. Compass Point lowered Capstar Financial Holdings from a “neutral” rating to a “sell” rating and set a $17.00 price objective on the stock. in a research note on Wednesday, October 11th. Stephens set a $17.00 price objective on Capstar Financial Holdings and gave the company a “hold” rating in a research note on Monday, August 14th. Sandler O’Neill lowered Capstar Financial Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the company from $21.00 to $19.00 in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Capstar Financial Holdings in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.50.
Capstar Financial Holdings Company Profile
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.
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