Capstar Financial (NASDAQ:CSTR) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Capstar Financial (NASDAQ:CSTR) released its earnings results on Wednesday. The bank reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.07, MarketWatch Earnings reports. Capstar Financial had a net margin of 16.15% and a return on equity of 7.89%.

CSTR traded up $0.24 during midday trading on Friday, reaching $17.80. 3,098 shares of the company’s stock were exchanged, compared to its average volume of 66,266. The firm has a market capitalization of $393.10 million, a price-to-earnings ratio of 16.88 and a beta of 1.13. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. Capstar Financial has a one year low of $9.01 and a one year high of $19.13. The business has a 50-day simple moving average of $17.62 and a two-hundred day simple moving average of $14.53.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 24th. Shareholders of record on Wednesday, February 10th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, February 9th. Capstar Financial’s dividend payout ratio is 15.27%.

CSTR has been the subject of several research reports. Raymond James increased their target price on shares of Capstar Financial from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, April 13th. Hovde Group initiated coverage on shares of Capstar Financial in a research note on Friday, March 19th. They issued an “outperform” rating and a $22.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Capstar Financial from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, April 2nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $18.25.

In other Capstar Financial news, Director James S. Jr. Turner sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 1st. The shares were sold at an average price of $14.55, for a total transaction of $36,375.00. Following the completion of the transaction, the director now owns 258,048 shares in the company, valued at $3,754,598.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 7,500 shares of company stock valued at $119,600. Corporate insiders own 13.60% of the company’s stock.

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. Its deposit products and services include demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.

Further Reading: Cost of Equity

Earnings History for Capstar Financial (NASDAQ:CSTR)

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