StockNews.com Initiates Coverage on CapStar Financial (NASDAQ:CSTR)

StockNews.com initiated coverage on shares of CapStar Financial (NASDAQ:CSTR) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

CapStar Financial Price Performance

CSTR stock opened at $20.10 on Tuesday. The stock has a market capitalization of $418.36 million, a P/E ratio of 14.26 and a beta of 0.79. The firm has a 50-day simple moving average of $19.50 and a 200-day simple moving average of $18.06. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.22. CapStar Financial has a 52 week low of $11.22 and a 52 week high of $20.20.

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

Hedge Funds Weigh In On CapStar Financial

A number of institutional investors and hedge funds have recently bought and sold shares of CSTR. SG Americas Securities LLC boosted its holdings in CapStar Financial by 26.8% in the 4th quarter. SG Americas Securities LLC now owns 10,631 shares of the bank’s stock valued at $199,000 after purchasing an additional 2,244 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in shares of CapStar Financial in the 4th quarter worth approximately $42,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of CapStar Financial by 9.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,785 shares of the bank’s stock worth $494,000 after acquiring an additional 2,974 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of CapStar Financial by 4.1% in the 4th quarter. Equitable Trust Co. now owns 97,605 shares of the bank’s stock worth $1,829,000 after acquiring an additional 3,869 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of CapStar Financial by 15.2% in the 4th quarter. Russell Investments Group Ltd. now owns 77,157 shares of the bank’s stock worth $1,446,000 after acquiring an additional 10,189 shares during the last quarter. 52.22% of the stock is currently owned by institutional investors and hedge funds.

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.