Capstar Financial (CSTR) Lifted to “Outperform” at Raymond James

Capstar Financial (NASDAQ:CSTR) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, The Fly reports.

Several other research analysts have also commented on CSTR. ValuEngine upgraded Capstar Financial from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Compass Point upgraded Capstar Financial from a “sell” rating to a “neutral” rating and set a $17.00 price target for the company in a research report on Wednesday, October 17th. Zacks Investment Research lowered Capstar Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Sandler O’Neill upgraded Capstar Financial from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.25.

CSTR opened at $14.41 on Monday. The stock has a market capitalization of $170.77 million, a P/E ratio of 36.03 and a beta of 0.52. Capstar Financial has a 12 month low of $13.93 and a 12 month high of $22.22. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.62.



Capstar Financial (NASDAQ:CSTR) last released its quarterly earnings results on Thursday, October 25th. The bank reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $14.76 million during the quarter, compared to analyst estimates of $15.00 million. Capstar Financial had a return on equity of 9.86% and a net margin of 14.98%. Analysts anticipate that Capstar Financial will post 1.13 earnings per share for the current year.

In other Capstar Financial news, Director Dennis Bottorff bought 29,000 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was acquired at an average price of $16.90 per share, for a total transaction of $490,100.00. Following the completion of the transaction, the director now directly owns 231,196 shares of the company’s stock, valued at $3,907,212.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas R. Flynn bought 9,000 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were acquired at an average price of $17.44 per share, with a total value of $156,960.00. Following the transaction, the director now directly owns 936 shares of the company’s stock, valued at $16,323.84. The disclosure for this purchase can be found here. Insiders have acquired 42,667 shares of company stock valued at $726,446 in the last 90 days. Company insiders own 18.27% of the company’s stock.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Capstar Financial by 1.7% during the second quarter. BlackRock Inc. now owns 394,974 shares of the bank’s stock valued at $7,318,000 after buying an additional 6,421 shares during the period. Elizabeth Park Capital Advisors Ltd. boosted its position in shares of Capstar Financial by 2.0% during the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 289,186 shares of the bank’s stock valued at $5,359,000 after buying an additional 5,591 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Capstar Financial by 119.4% during the second quarter. Dimensional Fund Advisors LP now owns 95,259 shares of the bank’s stock valued at $1,765,000 after buying an additional 51,840 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Capstar Financial by 7.7% during the first quarter. Russell Investments Group Ltd. now owns 56,176 shares of the bank’s stock valued at $1,058,000 after buying an additional 3,994 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Capstar Financial by 253.3% during the second quarter. Acadian Asset Management LLC now owns 19,678 shares of the bank’s stock valued at $365,000 after buying an additional 14,108 shares during the period. Institutional investors and hedge funds own 35.31% of the company’s stock.

About Capstar Financial

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.

Further Reading: Retained Earnings

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