Capstar Financial (NASDAQ:CSTR) posted its earnings results on Wednesday. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02), Morningstar.com reports. The business had revenue of $21.74 million for the quarter, compared to analysts’ expectations of $22.20 million. Capstar Financial had a return on equity of 9.71% and a net margin of 11.60%.
Shares of NASDAQ:CSTR traded down $0.19 during trading on Thursday, reaching $15.44. The company had a trading volume of 39,758 shares, compared to its average volume of 33,239. The firm has a market cap of $278.12 million, a P/E ratio of 12.97 and a beta of 0.96. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. Capstar Financial has a fifty-two week low of $13.51 and a fifty-two week high of $20.87.
CSTR has been the subject of several recent analyst reports. Compass Point cut Capstar Financial from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 8th. ValuEngine cut Capstar Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 22nd. Zacks Investment Research upgraded Capstar Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Finally, BidaskClub cut Capstar Financial from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.00.
Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Capstar Financial by 695.1% in the first quarter. BNP Paribas Arbitrage SA now owns 1,789 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,564 shares during the period. Vanguard Group Inc. grew its holdings in Capstar Financial by 1.1% during the third quarter. Vanguard Group Inc. now owns 300,773 shares of the bank’s stock worth $5,023,000 after acquiring an additional 3,318 shares during the period. Vanguard Group Inc grew its holdings in Capstar Financial by 1.1% during the third quarter. Vanguard Group Inc now owns 300,773 shares of the bank’s stock worth $5,023,000 after acquiring an additional 3,318 shares during the period. Geode Capital Management LLC grew its holdings in Capstar Financial by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 63,728 shares of the bank’s stock worth $938,000 after acquiring an additional 3,596 shares during the period. Finally, Equitable Trust Co. grew its holdings in Capstar Financial by 4.2% during the fourth quarter. Equitable Trust Co. now owns 99,384 shares of the bank’s stock worth $1,463,000 after acquiring an additional 3,977 shares during the period. 26.21% of the stock is currently owned by institutional investors and hedge funds.
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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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