CapStar Financial Holdings, Inc. (NASDAQ:CSTR) Declares Dividend Increase – $0.10 Per Share

CapStar Financial Holdings, Inc. (NASDAQ:CSTRGet Rating) declared a quarterly dividend on Tuesday, April 26th, Wall Street Journal reports. Shareholders of record on Wednesday, May 11th will be paid a dividend of 0.10 per share by the bank on Wednesday, May 25th. This represents a $0.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, May 10th. This is an increase from CapStar Financial’s previous quarterly dividend of $0.06.

CapStar Financial has a dividend payout ratio of 11.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CapStar Financial to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 11.6%.

CSTR stock traded down $0.64 during trading on Tuesday, hitting $20.68. The company had a trading volume of 1,306 shares, compared to its average volume of 49,251. The business has a 50-day moving average of $21.14 and a 200-day moving average of $21.36. CapStar Financial has a one year low of $18.14 and a one year high of $23.00. The stock has a market cap of $459.63 million, a PE ratio of 9.65 and a beta of 1.02. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.08.

CapStar Financial (NASDAQ:CSTRGet Rating) last announced its earnings results on Thursday, April 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. CapStar Financial had a return on equity of 13.46% and a net margin of 34.49%. During the same quarter last year, the firm posted $0.50 earnings per share. Research analysts forecast that CapStar Financial will post 1.89 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in shares of CapStar Financial during the fourth quarter worth about $77,000. Citigroup Inc. grew its stake in shares of CapStar Financial by 123.2% during the 4th quarter. Citigroup Inc. now owns 5,014 shares of the bank’s stock valued at $105,000 after buying an additional 2,768 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of CapStar Financial by 107.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,248 shares of the bank’s stock valued at $111,000 after buying an additional 2,713 shares during the period. Royal Bank of Canada boosted its position in CapStar Financial by 30.2% during the 3rd quarter. Royal Bank of Canada now owns 10,806 shares of the bank’s stock worth $230,000 after purchasing an additional 2,504 shares during the period. Finally, Deutsche Bank AG boosted its position in CapStar Financial by 5.6% during the 4th quarter. Deutsche Bank AG now owns 12,432 shares of the bank’s stock worth $261,000 after purchasing an additional 660 shares during the period. Institutional investors and hedge funds own 43.49% of the company’s stock.

Several brokerages recently weighed in on CSTR. Zacks Investment Research raised CapStar Financial from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, April 4th. DA Davidson began coverage on CapStar Financial in a report on Wednesday, January 12th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, StockNews.com downgraded CapStar Financial from a “buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $23.80.

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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Dividend History for CapStar Financial (NASDAQ:CSTR)

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