CapStar Financial Holdings, Inc. (NASDAQ:CSTR) Short Interest Update

CapStar Financial Holdings, Inc. (NASDAQ:CSTRGet Rating) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 216,400 shares, a drop of 9.6% from the August 15th total of 239,300 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 42,100 shares, the short-interest ratio is presently 5.1 days.

CapStar Financial Price Performance

Shares of NASDAQ CSTR opened at $19.85 on Monday. CapStar Financial has a fifty-two week low of $18.63 and a fifty-two week high of $22.74. The company has a 50 day simple moving average of $20.52 and a two-hundred day simple moving average of $20.50. The company has a market capitalization of $438.01 million, a price-to-earnings ratio of 9.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.89 and a current ratio of 0.92.

CapStar Financial (NASDAQ:CSTRGet Rating) last announced its earnings results on Thursday, July 21st. The bank reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). CapStar Financial had a return on equity of 12.52% and a net margin of 33.89%. During the same period in the prior year, the firm earned $0.55 earnings per share. Analysts expect that CapStar Financial will post 1.94 EPS for the current fiscal year.

CapStar Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.02%. The ex-dividend date was Tuesday, August 9th. CapStar Financial’s payout ratio is 19.23%.

Institutional Investors Weigh In On CapStar Financial

A number of institutional investors and hedge funds have recently modified their holdings of CSTR. FJ Capital Management LLC increased its holdings in shares of CapStar Financial by 586.2% in the 1st quarter. FJ Capital Management LLC now owns 693,036 shares of the bank’s stock valued at $14,609,000 after acquiring an additional 592,036 shares during the period. JPMorgan Chase & Co. grew its stake in CapStar Financial by 78.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 256,045 shares of the bank’s stock valued at $5,023,000 after acquiring an additional 112,796 shares during the period. Bank of Montreal Can purchased a new position in CapStar Financial in the 4th quarter valued at about $2,124,000. Russell Investments Group Ltd. raised its stake in CapStar Financial by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 351,756 shares of the bank’s stock valued at $7,412,000 after purchasing an additional 63,269 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in CapStar Financial by 56.1% during the first quarter. Wellington Management Group LLP now owns 153,609 shares of the bank’s stock worth $3,239,000 after acquiring an additional 55,197 shares during the last quarter. 43.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Raymond James lowered CapStar Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 7th. Truist Financial cut their price target on shares of CapStar Financial to $21.00 in a research note on Thursday.

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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