Huber Capital Management LLC decreased its holdings in Capstar Financial Holdings Inc (NASDAQ:CSTR) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,716 shares of the bank’s stock after selling 6,392 shares during the quarter. Huber Capital Management LLC’s holdings in Capstar Financial were worth $2,645,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Capstar Financial by 119.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 95,259 shares of the bank’s stock valued at $1,765,000 after buying an additional 51,840 shares in the last quarter. BlackRock Inc. raised its position in shares of Capstar Financial by 1.7% during the 2nd quarter. BlackRock Inc. now owns 394,974 shares of the bank’s stock valued at $7,318,000 after buying an additional 6,421 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. raised its position in shares of Capstar Financial by 2.0% during the 2nd quarter. Elizabeth Park Capital Advisors Ltd. now owns 289,186 shares of the bank’s stock valued at $5,359,000 after buying an additional 5,591 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Capstar Financial by 253.3% during the 2nd quarter. Acadian Asset Management LLC now owns 19,678 shares of the bank’s stock valued at $365,000 after buying an additional 14,108 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Capstar Financial by 7.7% during the 1st quarter. Russell Investments Group Ltd. now owns 56,176 shares of the bank’s stock valued at $1,058,000 after buying an additional 3,994 shares in the last quarter. 36.02% of the stock is currently owned by institutional investors.
CSTR stock opened at $17.39 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.96 and a current ratio of 1.01. Capstar Financial Holdings Inc has a 52 week low of $16.80 and a 52 week high of $22.22. The firm has a market cap of $207.03 million, a P/E ratio of 43.48 and a beta of 0.48.
Capstar Financial (NASDAQ:CSTR) last released its earnings results on Friday, July 27th. The bank reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Capstar Financial had a net margin of 16.57% and a return on equity of 10.20%. The company had revenue of $14.35 million for the quarter, compared to analyst estimates of $14.50 million. research analysts expect that Capstar Financial Holdings Inc will post 1.15 earnings per share for the current year.
The firm also recently announced a Not Available dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st were issued a dividend of $0.04 per share. The ex-dividend date was Monday, July 30th. Capstar Financial’s dividend payout ratio is currently 40.00%.
Several research firms have recently weighed in on CSTR. ValuEngine cut shares of Capstar Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. Stephens reaffirmed a “hold” rating and set a $20.00 target price on shares of Capstar Financial in a report on Thursday, June 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $19.75.
Capstar Financial Profile
CapStar Financial Holdings, Inc operates as the holding company for CapStar Bank that provides commercial banking services to consumer and corporate customers located primarily in Davidson, Sumner, Williamson, and the surrounding counties 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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