Brokerages Anticipate CapStar Financial Holdings, Inc. (NASDAQ:CSTR) Will Post Earnings of $0.46 Per Share

Analysts expect CapStar Financial Holdings, Inc. (NASDAQ:CSTRGet Rating) to announce earnings per share (EPS) of $0.46 for the current quarter, Zacks reports. Four analysts have issued estimates for CapStar Financial’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.50. CapStar Financial reported earnings of $0.55 per share during the same quarter last year, which suggests a negative year over year growth rate of 16.4%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that CapStar Financial will report full-year earnings of $1.93 per share for the current financial year, with EPS estimates ranging from $1.85 to $2.05. For the next fiscal year, analysts anticipate that the business will post earnings of $2.14 per share, with EPS estimates ranging from $2.00 to $2.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for CapStar Financial.

CapStar Financial (NASDAQ:CSTRGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The bank reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. CapStar Financial had a return on equity of 13.11% and a net margin of 34.83%. During the same quarter in the previous year, the business earned $0.50 earnings per share.

CSTR has been the subject of several analyst reports. DA Davidson initiated coverage on CapStar Financial in a report on Wednesday, January 12th. They issued a “buy” rating and a $26.00 target price for the company. StockNews.com lowered CapStar Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Finally, Zacks Investment Research raised CapStar Financial from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $24.00.

Shares of CSTR opened at $20.15 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.88 and a current ratio of 0.91. CapStar Financial has a one year low of $18.30 and a one year high of $23.00. The stock has a market capitalization of $447.85 million, a price-to-earnings ratio of 9.29 and a beta of 1.02. The stock has a 50 day moving average price of $21.07 and a 200 day moving average price of $21.32.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.99%. This is a boost from CapStar Financial’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, May 10th. CapStar Financial’s dividend payout ratio (DPR) is presently 11.06%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Citigroup Inc. raised its holdings in CapStar Financial by 130.6% during the third quarter. Citigroup Inc. now owns 2,246 shares of the bank’s stock worth $48,000 after purchasing an additional 1,272 shares during the last quarter. Marshall Wace LLP acquired a new position in CapStar Financial during the fourth quarter worth $77,000. BNP Paribas Arbitrage SA raised its holdings in CapStar Financial by 107.0% during the third quarter. BNP Paribas Arbitrage SA now owns 5,248 shares of the bank’s stock worth $111,000 after purchasing an additional 2,713 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CapStar Financial during the fourth quarter worth $230,000. Finally, Royal Bank of Canada raised its holdings in CapStar Financial by 30.2% during the third 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 last quarter. 43.08% 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.

Recommended Stories

Get a free copy of the Zacks research report on CapStar Financial (CSTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for CapStar Financial (NASDAQ:CSTR)

Receive News & Ratings for CapStar Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CapStar Financial and related companies with MarketBeat.com's FREE daily email newsletter.