CapStar Financial (NASDAQ:CSTR) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of CapStar Financial (NASDAQ:CSTR) in a research note released on Monday morning. The firm issued a hold rating on the bank’s stock.

CapStar Financial Stock Performance

Shares of CSTR stock opened at $20.10 on Monday. The stock’s fifty day moving average is $19.28 and its two-hundred day moving average is $17.87. The firm has a market capitalization of $418.36 million, a P/E ratio of 14.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.95 and a current ratio of 0.96. CapStar Financial has a fifty-two week low of $11.22 and a fifty-two week high of $20.20.

CapStar Financial (NASDAQ:CSTR) last posted its quarterly earnings results on Tuesday, March 12th. The bank reported $0.31 EPS for the quarter. CapStar Financial had a return on equity of 8.46% and a net margin of 16.17%. The firm had revenue of $27.11 million during the quarter. Research analysts expect that CapStar Financial will post 1.42 earnings per share for the current fiscal year.

CapStar Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were given a $0.11 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.44 dividend on an annualized basis and a yield of 2.19%. This is an increase from CapStar Financial’s previous quarterly dividend of $0.04. CapStar Financial’s payout ratio is currently 31.21%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC acquired a new position in CapStar Financial during the 4th quarter worth about $42,000. SG Americas Securities LLC acquired a new position in shares of CapStar Financial in the third quarter valued at approximately $119,000. Exchange Traded Concepts LLC purchased a new stake in CapStar Financial during the 4th quarter worth approximately $392,000. PenderFund Capital Management Ltd. acquired a new stake in CapStar Financial during the 4th quarter worth approximately $415,000. Finally, DLD Asset Management LP purchased a new position in CapStar Financial in the 4th quarter valued at approximately $618,000. Hedge funds and other institutional investors own 52.22% of the company’s stock.

About CapStar Financial

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking and other financial services to individuals and corporate customers in Tennessee, the United States. It offers noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; mortgage banking products; and wealth management and treasury management services.