CapStar Financial Holdings, Inc. (NASDAQ:CSTR – Get Rating) – Investment analysts at DA Davidson lowered their FY2022 EPS estimates for CapStar Financial in a research note issued on Monday, April 25th. DA Davidson analyst K. Fitzsimmons now expects that the bank will post earnings of $1.90 per share for the year, down from their previous forecast of $1.94. DA Davidson currently has a “Buy” rating and a $26.00 target price on the stock. DA Davidson also issued estimates for CapStar Financial’s FY2023 earnings at $2.05 EPS.
CapStar Financial (NASDAQ:CSTR – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The bank reported $0.48 earnings per share 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 period last year, the company posted $0.50 EPS.
NASDAQ CSTR opened at $20.67 on Wednesday. The firm has a market capitalization of $459.41 million, a P/E ratio of 9.53 and a beta of 1.02. CapStar Financial has a 1-year low of $18.22 and a 1-year 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 business’s 50-day simple moving average is $21.12 and its 200-day simple moving average is $21.35.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 10th. This is a positive change from CapStar Financial’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a yield of 1.94%. CapStar Financial’s payout ratio is 11.06%.
A number of institutional investors have recently added to or reduced their stakes in CSTR. Citigroup Inc. raised its position in shares of 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 purchasing an additional 1,272 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of CapStar Financial in the 4th quarter valued at approximately $77,000. BNP Paribas Arbitrage SA raised its position in shares of CapStar Financial by 107.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,248 shares of the bank’s stock valued at $111,000 after purchasing an additional 2,713 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of CapStar Financial in the 4th quarter valued at approximately $230,000. Finally, Royal Bank of Canada raised its position in shares of CapStar Financial by 30.2% in the 3rd quarter. Royal Bank of Canada now owns 10,806 shares of the bank’s stock valued at $230,000 after purchasing an additional 2,504 shares in the last quarter. 43.49% of the stock is currently owned by hedge funds and other institutional investors.
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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