Equities analysts predict that CapStar Financial Holdings, Inc. (NASDAQ:CSTR – Get Rating) will announce $30.58 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for CapStar Financial’s earnings, with the lowest sales estimate coming in at $27.69 million and the highest estimate coming in at $31.65 million. CapStar Financial reported sales of $32.20 million in the same quarter last year, which indicates a negative year over year growth rate of 5%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that CapStar Financial will report full year sales of $127.00 million for the current financial year, with estimates ranging from $116.05 million to $132.70 million. For the next year, analysts forecast that the firm will report sales of $136.96 million, with estimates ranging from $126.51 million to $145.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for CapStar Financial.
CapStar Financial (NASDAQ:CSTR – Get Rating) last posted its quarterly earnings results on Thursday, January 27th. The bank reported $0.56 EPS for the quarter. CapStar Financial had a return on equity of 13.46% and a net margin of 34.49%. The firm had revenue of $34.13 million during the quarter. During the same period in the prior year, the business posted $0.51 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in CSTR. Deutsche Bank AG lifted its holdings in shares of CapStar Financial by 5.6% in the 4th quarter. Deutsche Bank AG now owns 12,432 shares of the bank’s stock valued at $261,000 after purchasing an additional 660 shares during the last quarter. Citigroup Inc. increased its position in CapStar Financial by 130.6% in the 3rd quarter. Citigroup Inc. now owns 2,246 shares of the bank’s stock valued at $48,000 after acquiring an additional 1,272 shares during the period. Parametric Portfolio Associates LLC increased 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 acquiring an additional 1,399 shares during the period. Charles Schwab Investment Management Inc. increased its position in CapStar Financial by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 52,028 shares of the bank’s stock valued at $1,095,000 after acquiring an additional 1,456 shares during the period. Finally, Truist Financial Corp increased its position in CapStar Financial by 0.8% in the 3rd quarter. Truist Financial Corp now owns 241,573 shares of the bank’s stock valued at $5,131,000 after acquiring an additional 2,000 shares during the period. 43.49% of the stock is owned by institutional investors.
Shares of NASDAQ:CSTR traded down $0.12 during midday trading on Friday, hitting $20.35. The company had a trading volume of 27,531 shares, compared to its average volume of 42,451. CapStar Financial has a twelve month low of $17.05 and a twelve month high of $23.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a market cap of $452.38 million, a price-to-earnings ratio of 9.29 and a beta of 1.02. The business’s 50-day simple moving average is $21.20 and its 200-day simple moving average is $21.38.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 23rd. Shareholders of record on Wednesday, February 9th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Tuesday, February 8th. CapStar Financial’s dividend payout ratio (DPR) is 10.96%.
About CapStar Financial (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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