CapStar Financial Holdings, Inc. (NASDAQ:CSTR) Given Average Recommendation of “Buy” by Analysts

Shares of CapStar Financial Holdings, Inc. (NASDAQ:CSTRGet Rating) have earned a consensus rating of “Buy” from the seven brokerages that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $23.80.

Several brokerages have commented on CSTR. DA Davidson began coverage on CapStar Financial in a research note on Wednesday, January 12th. They set a “buy” rating and a $26.00 price target for the company. StockNews.com assumed coverage on shares of CapStar Financial in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised shares of CapStar Financial from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, April 4th.

Shares of CSTR stock opened at $20.27 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a market capitalization of $450.52 million, a price-to-earnings ratio of 9.26 and a beta of 1.02. CapStar Financial has a one year low of $17.05 and a one year high of $23.00. The company has a 50 day moving average price of $21.25 and a 200 day moving average price of $21.41.

CapStar Financial (NASDAQ:CSTRGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The bank reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $34.13 million during the quarter. CapStar Financial had a net margin of 34.49% and a return on equity of 13.46%. During the same period in the prior year, the firm earned $0.51 earnings per share. As a group, equities analysts forecast that CapStar Financial will post 1.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 23rd. Investors of record on Wednesday, February 9th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, February 8th. This represents a $0.24 annualized dividend and a dividend yield of 1.18%. CapStar Financial’s payout ratio is currently 10.96%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in shares of CapStar Financial by 18.4% during the second quarter. Invesco Ltd. now owns 23,302 shares of the bank’s stock valued at $478,000 after purchasing an additional 3,614 shares during the period. Wells Fargo & Company MN lifted its holdings in CapStar Financial by 226.7% in the 2nd quarter. Wells Fargo & Company MN now owns 22,533 shares of the bank’s stock worth $462,000 after buying an additional 15,636 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in CapStar Financial by 8.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,379 shares of the bank’s stock valued at $377,000 after buying an additional 1,399 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of CapStar Financial during the third quarter valued at about $282,000. Finally, Capital Square LLC grew its stake in shares of CapStar Financial by 15.7% during the third quarter. Capital Square LLC now owns 63,000 shares of the bank’s stock valued at $1,348,000 after acquiring an additional 8,560 shares in the last quarter. Hedge funds and other institutional investors own 43.49% of the company’s stock.

CapStar Financial Company Profile (Get Rating)

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily in Tennessee, the United States. Its deposit products and services include demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.

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Analyst Recommendations for CapStar Financial (NASDAQ:CSTR)

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