CapStar Financial (NASDAQ:CSTR) Downgraded to “Neutral” at DA Davidson

DA Davidson lowered shares of CapStar Financial (NASDAQ:CSTRGet Rating) from a buy rating to a neutral rating in a report released on Tuesday morning, MarketBeat.com reports. DA Davidson currently has $18.50 target price on the bank’s stock.

A number of other equities analysts have also recently issued reports on CSTR. Piper Sandler cut shares of CapStar Financial from an overweight rating to a neutral rating and cut their target price for the stock from $24.00 to $19.00 in a research report on Monday, October 24th. StockNews.com initiated coverage on shares of CapStar Financial in a research report on Wednesday, October 12th. They set a hold rating for the company. Finally, Keefe, Bruyette & Woods cut shares of CapStar Financial from an outperform rating to a market perform rating and cut their target price for the stock from $26.00 to $20.00 in a research report on Sunday, October 23rd. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $19.50.

CapStar Financial Stock Down 1.8 %

Shares of NASDAQ CSTR opened at $16.80 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $370.71 million, a price-to-earnings ratio of 9.49 and a beta of 0.85. The firm has a 50-day moving average price of $17.66 and a 200 day moving average price of $18.82. CapStar Financial has a 52 week low of $15.71 and a 52 week high of $22.17.

CapStar Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 8th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, February 7th. CapStar Financial’s dividend payout ratio is presently 22.60%.

Hedge Funds Weigh In On CapStar Financial

A number of institutional investors have recently modified their holdings of the company. Capital Square LLC raised its position in shares of CapStar Financial by 1.2% in the second quarter. Capital Square LLC now owns 63,757 shares of the bank’s stock valued at $1,250,000 after buying an additional 757 shares during the last quarter. BNP Paribas Arbitrage SNC raised its position in shares of CapStar Financial by 20.9% in the third quarter. BNP Paribas Arbitrage SNC now owns 6,122 shares of the bank’s stock valued at $113,000 after buying an additional 1,057 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in CapStar Financial by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 53,406 shares of the bank’s stock valued at $1,126,000 after purchasing an additional 1,378 shares during the period. Barclays PLC grew its holdings in CapStar Financial by 3.7% in the third quarter. Barclays PLC now owns 43,060 shares of the bank’s stock valued at $798,000 after purchasing an additional 1,543 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in CapStar Financial by 49.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,065 shares of the bank’s stock valued at $99,000 after purchasing an additional 1,678 shares during the period. Institutional investors and hedge funds own 45.41% of the company’s stock.

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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