Capstar Financial (CSTR) Upgraded by Compass Point to Neutral

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Compass Point upgraded shares of Capstar Financial (NASDAQ:CSTR) from a sell rating to a neutral rating in a research note released on Wednesday, Marketbeat Ratings reports. They currently have $17.00 price target on the bank’s stock.

A number of other analysts have also issued reports on the stock. ValuEngine lowered shares of Capstar Financial from a hold rating to a sell rating in a research note on Tuesday, August 28th. Zacks Investment Research lowered shares of Capstar Financial from a strong-buy rating to a hold rating in a research note on Thursday, September 6th. Sandler O’Neill raised 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 Wednesday, October 3rd. Finally, Stephens reissued a hold rating and set a $20.00 target price on shares of Capstar Financial in a research note on Thursday, June 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $19.25.

NASDAQ CSTR traded down $0.10 on Wednesday, hitting $15.50. 14,879 shares of the stock were exchanged, compared to its average volume of 21,743. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $197.90 million, a price-to-earnings ratio of 38.75 and a beta of 0.52. Capstar Financial has a 52-week low of $15.21 and a 52-week high of $22.22.

Capstar Financial (NASDAQ:CSTR) last posted its quarterly earnings data on Friday, July 27th. The bank reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $14.35 million during the quarter, compared to analyst estimates of $14.50 million. Capstar Financial had a net margin of 16.57% and a return on equity of 10.20%. Equities research analysts anticipate that Capstar Financial will post 1.13 EPS for the current year.

In related news, Director Dennis Bottorff bought 29,000 shares of the stock in a transaction dated Thursday, September 13th. The stock was purchased at an average cost of $16.90 per share, with a total value of $490,100.00. Following the completion of the purchase, the director now owns 231,196 shares of the company’s stock, valued at $3,907,212.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas R. Flynn bought 9,000 shares of the stock in a transaction dated Wednesday, August 29th. The shares were bought at an average cost of $17.44 per share, with a total value of $156,960.00. Following the completion of the purchase, the director now directly owns 936 shares of the company’s stock, valued at approximately $16,323.84. The disclosure for this purchase can be found here. Insiders have bought 42,667 shares of company stock valued at $726,446 over the last three months. Insiders own 18.27% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Capstar Financial by 1.7% in the second quarter. BlackRock Inc. now owns 394,974 shares of the bank’s stock valued at $7,318,000 after acquiring an additional 6,421 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. raised its holdings in shares of Capstar Financial by 2.0% in the second quarter. Elizabeth Park Capital Advisors Ltd. now owns 289,186 shares of the bank’s stock valued at $5,359,000 after acquiring an additional 5,591 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Capstar Financial by 119.4% in the second quarter. Dimensional Fund Advisors LP now owns 95,259 shares of the bank’s stock valued at $1,765,000 after acquiring an additional 51,840 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Capstar Financial by 7.7% in the first quarter. Russell Investments Group Ltd. now owns 56,176 shares of the bank’s stock valued at $1,058,000 after acquiring an additional 3,994 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Capstar Financial by 253.3% in the second quarter. Acadian Asset Management LLC now owns 19,678 shares of the bank’s stock valued at $365,000 after acquiring an additional 14,108 shares in the last quarter. Hedge funds and other institutional investors own 36.02% of the company’s stock.

About Capstar Financial

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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