CapStar Financial (NASDAQ:CSTR) Downgraded by Zacks Investment Research to “Hold”

CapStar Financial (NASDAQ:CSTR – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers banking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “

Several other research firms have also recently weighed in on CSTR. DA Davidson assumed coverage on shares of CapStar Financial in a research report on Wednesday, January 12th. They set a “buy” rating and a $26.00 price objective for the company. StockNews.com cut shares of CapStar Financial from a “buy” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, CapStar Financial currently has an average rating of “Buy” and a consensus target price of $23.80.

Shares of CapStar Financial stock traded down $0.28 during trading on Tuesday, reaching $20.67. The company’s stock had a trading volume of 40,688 shares, compared to its average volume of 49,143. The business’s 50-day moving average price is $21.14 and its 200-day moving average price is $21.36. The firm has a market cap of $459.41 million, a PE ratio of 9.53 and a beta of 1.02. CapStar Financial has a 52 week low of $18.22 and a 52 week high of $23.00. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.08.

CapStar Financial (NASDAQ:CSTR – Get Rating) last announced its earnings results on Thursday, April 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. CapStar Financial had a net margin of 34.49% and a return on equity of 13.46%. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities analysts predict that CapStar Financial will post 1.89 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. River Oaks Capital LLC acquired a new stake in CapStar Financial during the 4th quarter valued at approximately $3,207,000. BlackRock Inc. increased its position in CapStar Financial by 14.4% during the 4th quarter. BlackRock Inc. now owns 1,658,306 shares of the bank’s stock valued at $34,873,000 after purchasing an additional 208,727 shares during the period. Wellington Management Group LLP increased its position in CapStar Financial by 76.4% during the 3rd quarter. Wellington Management Group LLP now owns 666,354 shares of the bank’s stock valued at $14,153,000 after purchasing an additional 288,638 shares during the period. Dimensional Fund Advisors LP increased its position in CapStar Financial by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 546,401 shares of the bank’s stock valued at $11,491,000 after purchasing an additional 5,120 shares during the period. Finally, Private Capital Management LLC increased its position in CapStar Financial by 4.5% during the 4th quarter. Private Capital Management LLC now owns 417,910 shares of the bank’s stock valued at $8,789,000 after purchasing an additional 18,154 shares during the period. 43.49% of the stock is owned by institutional investors and hedge funds.

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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