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

CapStar Financial Holdings, Inc. (NASDAQ:CSTR – Get Rating) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 219,200 shares, a drop of 7.5% from the April 15th total of 237,100 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 78,200 shares, the days-to-cover ratio is currently 2.8 days.

Insider Activity at CapStar Financial

In other news, Director Thomas R. Flynn bought 9,375 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was acquired at an average price of $14.98 per share, with a total value of $140,437.50. Following the transaction, the director now owns 178,780 shares of the company’s stock, valued at approximately $2,678,124.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, Director William Tilden Delay acquired 5,000 shares of CapStar Financial stock in a transaction dated Monday, May 1st. The stock was bought at an average price of $13.37 per share, with a total value of $66,850.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $66,850. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas R. Flynn purchased 9,375 shares of CapStar Financial stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average cost of $14.98 per share, with a total value of $140,437.50. Following the transaction, the director now owns 178,780 shares in the company, valued at approximately $2,678,124.40. The disclosure for this purchase can be found here. Insiders acquired a total of 18,205 shares of company stock worth $261,259 in the last quarter. 9.21% of the stock is owned by insiders.

Institutional Investors Weigh In On CapStar Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of CapStar Financial by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 761,826 shares of the bank’s stock worth $11,541,000 after acquiring an additional 65,238 shares during the last quarter. Private Capital Management LLC raised its stake in shares of CapStar Financial by 20.5% in the first quarter. Private Capital Management LLC now owns 630,299 shares of the bank’s stock worth $9,549,000 after buying an additional 107,052 shares during the period. Bank of New York Mellon Corp raised its stake in shares of CapStar Financial by 19.7% in the first quarter. Bank of New York Mellon Corp now owns 429,564 shares of the bank’s stock worth $6,508,000 after buying an additional 70,645 shares during the period. State Street Corp grew its position in shares of CapStar Financial by 11.2% during the second quarter. State Street Corp now owns 355,141 shares of the bank’s stock worth $6,968,000 after purchasing an additional 35,680 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in CapStar Financial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 354,130 shares of the bank’s stock valued at $6,253,000 after buying an additional 3,220 shares in the last quarter. 45.41% of the stock is owned by hedge funds and other institutional investors.

CapStar Financial Stock Performance

Shares of CSTR stock opened at $12.39 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.93. The company has a market capitalization of $267.10 million, a P/E ratio of 7.79 and a beta of 0.84. The stock has a 50 day moving average price of $14.03 and a two-hundred day moving average price of $16.30. CapStar Financial has a fifty-two week low of $11.22 and a fifty-two week high of $22.00.

CapStar Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Tuesday, May 9th. This is an increase from CapStar Financial’s previous quarterly dividend of $0.10. CapStar Financial’s dividend payout ratio is currently 27.67%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. DA Davidson cut CapStar Financial from a “buy” rating to a “neutral” rating and set a $18.50 price objective on the stock. in a research note on Tuesday, January 24th. Keefe, Bruyette & Woods lowered their target price on CapStar Financial from $18.00 to $16.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. Piper Sandler lowered their target price on CapStar Financial from $16.00 to $15.00 in a research note on Monday, April 24th. StockNews.com cut CapStar Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Finally, Janney Montgomery Scott cut CapStar Financial from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, CapStar Financial currently has an average rating of “Hold” and an average price target of $17.90.

CapStar Financial Company Profile

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CapStar Financial Holdings, Inc engages in the operation of traditional banking and other financial services. Its products and services include commercial banking, consumer banking, and wealth management. The company was founded on December 1, 2015 and is headquartered in Nashville, TN.