Capstar Financial Holdings Inc (NASDAQ:CSTR) Sees Large Growth in Short Interest

Capstar Financial Holdings Inc (NASDAQ:CSTR) was the recipient of a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 152,200 shares, an increase of 115.9% from the November 14th total of 70,500 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 92,800 shares, the days-to-cover ratio is presently 1.6 days.

Several equities analysts have commented on the company. ValuEngine raised Capstar Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, November 29th. Zacks Investment Research downgraded Capstar Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. SunTrust Banks assumed coverage on Capstar Financial in a research report on Friday, October 11th. They issued a “hold” rating and a $18.00 price objective on the stock. TheStreet downgraded Capstar Financial from a “b-” rating to a “c” rating in a research report on Monday, November 11th. Finally, BidaskClub raised Capstar Financial from a “sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Capstar Financial has a consensus rating of “Hold” and an average target price of $17.20.

Shares of Capstar Financial stock opened at $17.14 on Friday. The stock’s fifty day moving average is $16.86 and its two-hundred day moving average is $15.91. The company has a market capitalization of $311.33 million, a PE ratio of 14.40 and a beta of 0.90. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.04. Capstar Financial has a 52 week low of $13.51 and a 52 week high of $17.33.

Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. Capstar Financial had a return on equity of 9.63% and a net margin of 13.90%. The company had revenue of $23.94 million for the quarter, compared to the consensus estimate of $23.75 million. As a group, research analysts anticipate that Capstar Financial will post 1.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 7th. Capstar Financial’s payout ratio is 16.81%.

In other news, Director Julie D. Frist sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $17.00, for a total transaction of $34,000.00. Following the transaction, the director now owns 226,271 shares of the company’s stock, valued at approximately $3,846,607. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 6,000 shares of company stock worth $100,840. Corporate insiders own 13.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew 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 in the last quarter. Vanguard Group Inc. grew its position in shares of Capstar Financial by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 471,697 shares of the bank’s stock worth $7,146,000 after buying an additional 24,298 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Capstar Financial by 1,318.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 270,675 shares of the bank’s stock worth $4,488,000 after buying an additional 251,593 shares in the last quarter. Context BH Capital Management LP grew its position in shares of Capstar Financial by 28.3% during the 2nd quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock worth $3,611,000 after buying an additional 52,642 shares in the last quarter. Finally, State Street Corp grew its position in shares of Capstar Financial by 13.4% during the 3rd quarter. State Street Corp now owns 221,485 shares of the bank’s stock worth $3,672,000 after buying an additional 26,202 shares in the last quarter. 33.39% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Risk Tolerance

Receive News & Ratings for Capstar Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstar Financial and related companies with MarketBeat.com's FREE daily email newsletter.