Capstar Financial Holdings Inc (NASDAQ:CSTR) Expected to Announce Earnings of $0.25 Per Share

Wall Street analysts expect Capstar Financial Holdings Inc (NASDAQ:CSTR) to post $0.25 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Capstar Financial’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.26. Capstar Financial reported earnings of $0.28 per share during the same quarter last year, which would indicate a negative year over year growth rate of 10.7%. The business is expected to issue its next earnings report on Wednesday, April 22nd.

According to Zacks, analysts expect that Capstar Financial will report full year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.26. For the next fiscal year, analysts expect that the firm will report earnings of $1.43 per share, with EPS estimates ranging from $1.40 to $1.45. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Capstar Financial.

Capstar Financial (NASDAQ:CSTR) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $22.30 million for the quarter, compared to analyst estimates of $23.56 million. Capstar Financial had a return on equity of 9.27% and a net margin of 19.36%.

Several research firms recently issued reports on CSTR. TheStreet lowered shares of Capstar Financial from a “b-” rating to a “c” rating in a research report on Monday, November 11th. SunTrust Banks increased their price target on shares of Capstar Financial from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Zacks Investment Research lowered shares of Capstar Financial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 5th. ValuEngine upgraded shares of Capstar Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, BidaskClub lowered shares of Capstar Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.40.

Shares of NASDAQ CSTR traded down $0.22 during trading hours on Friday, hitting $15.22. 21,682 shares of the stock were exchanged, compared to its average volume of 32,612. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.97. The company has a market cap of $279.39 million, a PE ratio of 12.68 and a beta of 0.92. The company’s fifty day simple moving average is $15.87 and its two-hundred day simple moving average is $16.21. Capstar Financial has a 1-year low of $14.11 and a 1-year high of $17.48.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. Capstar Financial’s dividend payout ratio is currently 15.27%.

In other Capstar Financial news, Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $16.78, for a total value of $33,560.00. Following the sale, the director now owns 226,271 shares in the company, valued at $3,796,827.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.60% of the company’s stock.

Several large investors have recently modified their holdings of CSTR. BlackRock Inc. lifted its holdings in shares of Capstar Financial by 78.8% during the second quarter. BlackRock Inc. now owns 733,256 shares of the bank’s stock worth $11,109,000 after purchasing an additional 323,074 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Capstar Financial by 1,318.5% during the third quarter. Russell Investments Group Ltd. now owns 270,675 shares of the bank’s stock worth $4,488,000 after purchasing an additional 251,593 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Capstar Financial by 33.1% during the fourth quarter. Renaissance Technologies LLC now owns 441,173 shares of the bank’s stock worth $7,346,000 after purchasing an additional 109,806 shares during the period. Martingale Asset Management L P acquired a new position in shares of Capstar Financial during the fourth quarter worth $1,488,000. Finally, TBH Global Asset Management LLC acquired a new position in shares of Capstar Financial during the fourth quarter worth $1,228,000. Institutional investors own 33.46% 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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Earnings History and Estimates for Capstar Financial (NASDAQ:CSTR)

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