Capstar Financial Holdings Inc (NASDAQ:CSTR) insider Timothy Kyle Schools purchased 32,446 shares of the stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $15.41 per share, for a total transaction of $499,992.86. Following the completion of the purchase, the insider now directly owns 32,446 shares in the company, valued at approximately $499,992.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ CSTR traded down $0.52 during midday trading on Wednesday, hitting $15.42. The company had a trading volume of 1,439,000 shares, compared to its average volume of 47,701. The firm has a 50-day moving average price of $15.43 and a 200-day moving average price of $15.40. The company has a market capitalization of $273.94 million, a PE ratio of 12.96 and a beta of 0.90. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. Capstar Financial Holdings Inc has a twelve month low of $13.51 and a twelve month high of $17.71.
Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.07. The company had revenue of $24.04 million for the quarter, compared to analysts’ expectations of $22.60 million. Capstar Financial had a return on equity of 9.68% and a net margin of 12.70%. On average, equities analysts anticipate that Capstar Financial Holdings Inc will post 1.32 EPS for the current year.
A number of analysts recently issued reports on the company. BidaskClub raised Capstar Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. ValuEngine upgraded Capstar Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, July 29th. Sandler O’Neill lowered Capstar Financial from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Wednesday, June 26th. Zacks Investment Research cut Capstar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Stephens reissued a “hold” rating and issued a $17.00 price objective on shares of Capstar Financial in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.80.
Several institutional investors and hedge funds have recently modified their holdings of CSTR. BlackRock Inc. lifted its position in shares of Capstar Financial by 78.8% during the 2nd quarter. BlackRock Inc. now owns 733,256 shares of the bank’s stock worth $11,109,000 after buying an additional 323,074 shares during the last quarter. Context BH Capital Management LP raised its position in shares of Capstar Financial by 28.3% during the second quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock worth $3,611,000 after acquiring an additional 52,642 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Capstar Financial by 30.4% in the second 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 boosted its holdings in Capstar Financial by 66.4% in the second 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 position in 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 purchasing an additional 24,298 shares during the period. Institutional investors own 30.26% of the company’s stock.
About Capstar Financial
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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