Capstar Financial Holdings Inc (NASDAQ:CSTR) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.67.
A number of analysts have issued reports on CSTR shares. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Sandler O’Neill lowered Capstar Financial from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Wednesday, June 26th. BidaskClub lowered Virtu Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 12th. Finally, Stephens reaffirmed a “hold” rating and issued a $17.00 target price on shares of Capstar Financial in a report on Wednesday, May 15th.
Several large investors have recently made changes to their positions in CSTR. BNP Paribas Arbitrage SA grew its holdings in shares of Capstar Financial by 695.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,789 shares of the bank’s stock worth $26,000 after purchasing an additional 1,564 shares in the last quarter. Patten & Patten Inc. TN acquired a new stake in shares of Capstar Financial during the 1st quarter worth approximately $153,000. Rhumbline Advisers acquired a new stake in shares of Capstar Financial during the 4th quarter worth approximately $160,000. Millennium Management LLC acquired a new stake in shares of Capstar Financial during the 4th quarter worth approximately $175,000. Finally, Spark Investment Management LLC grew its holdings in shares of Capstar Financial by 7.0% during the 1st quarter. Spark Investment Management LLC now owns 19,795 shares of the bank’s stock worth $285,000 after purchasing an additional 1,295 shares in the last quarter. 27.67% of the stock is currently owned by institutional investors.
Capstar Financial (NASDAQ:CSTR) last released its earnings results on Wednesday, April 24th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The business had revenue of $21.74 million during the quarter, compared to analyst estimates of $22.20 million. Capstar Financial had a net margin of 11.94% and a return on equity of 9.39%. On average, research analysts forecast that Capstar Financial will post 1.22 earnings per share for the current year.
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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