Zacks Investment Research Downgrades Capstar Financial (CSTR) to Hold

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Zacks Investment Research cut shares of Capstar Financial (NASDAQ:CSTR) from a strong-buy rating to a hold rating in a research report released on Thursday.

According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers banking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “

Several other research firms also recently weighed in on CSTR. ValuEngine downgraded Capstar Financial from a hold rating to a sell rating in a research note on Tuesday, August 28th. Stephens reissued a hold rating and set a $20.00 price target on shares of Capstar Financial in a research report on Thursday, June 28th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of Hold and an average price target of $19.75.

NASDAQ CSTR traded down $0.03 during mid-day trading on Thursday, hitting $17.33. The stock had a trading volume of 1,632 shares, compared to its average volume of 12,630. Capstar Financial has a 52-week low of $16.80 and a 52-week high of $22.22. The company has a market capitalization of $206.08 million, a P/E ratio of 43.31 and a beta of 0.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.01 and a quick ratio of 0.96.

Capstar Financial (NASDAQ:CSTR) last released its quarterly earnings data on Friday, July 27th. The bank reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Capstar Financial had a return on equity of 10.20% and a net margin of 16.57%. The firm had revenue of $14.35 million during the quarter, compared to the consensus estimate of $14.50 million. research analysts expect that Capstar Financial will post 1.13 earnings per share for the current fiscal year.

The business also recently declared a Not Available dividend, which was paid on Wednesday, August 15th. Shareholders of record on Tuesday, July 31st were given a dividend of $0.04 per share. The ex-dividend date was Monday, July 30th. Capstar Financial’s payout ratio is 40.00%.

A number of institutional investors have recently added to or reduced their stakes in CSTR. Deutsche Bank AG increased its position in Capstar Financial by 144.7% during the fourth quarter. Deutsche Bank AG now owns 19,498 shares of the bank’s stock worth $402,000 after buying an additional 11,531 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Capstar Financial during the first quarter worth $818,000. Foresters Investment Management Company Inc. increased its position in Capstar Financial by 27.1% during the first quarter. Foresters Investment Management Company Inc. now owns 290,500 shares of the bank’s stock worth $5,470,000 after buying an additional 62,000 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Capstar Financial by 7.7% during the first quarter. Russell Investments Group Ltd. now owns 56,176 shares of the bank’s stock worth $1,058,000 after purchasing an additional 3,994 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Capstar Financial by 253.3% during the second quarter. Acadian Asset Management LLC now owns 19,678 shares of the bank’s stock worth $365,000 after purchasing an additional 14,108 shares during the last quarter. 36.02% of the stock is owned by institutional investors.

Capstar Financial Company 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.

Further Reading: Book Value Per Share – BVPS

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