FY2023 EPS Estimates for CapStar Financial Holdings, Inc. (NASDAQ:CSTR) Lifted by DA Davidson

CapStar Financial Holdings, Inc. (NASDAQ:CSTR) – Stock analysts at DA Davidson raised their FY2023 earnings per share (EPS) estimates for CapStar Financial in a research report issued to clients and investors on Monday, November 6th. DA Davidson analyst K. Fitzsimmons now expects that the bank will post earnings per share of $1.41 for the year, up from their previous forecast of $1.35. The consensus estimate for CapStar Financial’s current full-year earnings is $1.37 per share. DA Davidson also issued estimates for CapStar Financial’s Q4 2023 earnings at $0.31 EPS and FY2024 earnings at $1.30 EPS.

Separately, StockNews.com started coverage on CapStar Financial in a research report on Monday. They issued a “hold” rating on the stock.

CapStar Financial Stock Down 0.1 %

Shares of CSTR opened at $15.94 on Tuesday. The firm has a market cap of $331.87 million, a P/E ratio of 10.15 and a beta of 0.79. The stock’s 50 day moving average is $14.48 and its two-hundred day moving average is $13.66. CapStar Financial has a 12 month low of $11.22 and a 12 month high of $18.52. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.23.

CapStar Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.44 dividend on an annualized basis and a yield of 2.76%. CapStar Financial’s payout ratio is 28.03%.

Hedge Funds Weigh In On CapStar Financial

A number of institutional investors have recently added to or reduced their stakes in CSTR. FJ Capital Management LLC lifted its position in CapStar Financial by 34.4% during the second quarter. FJ Capital Management LLC now owns 511,233 shares of the bank’s stock worth $6,273,000 after buying an additional 130,949 shares in the last quarter. Royce & Associates LP purchased a new stake in CapStar Financial in the first quarter valued at $1,740,000. JPMorgan Chase & Co. raised its position in CapStar Financial by 78.7% in the second quarter. JPMorgan Chase & Co. now owns 256,045 shares of the bank’s stock valued at $5,023,000 after purchasing an additional 112,796 shares during the period. Private Capital Management LLC raised its position in CapStar Financial by 25.8% in the fourth quarter. Private Capital Management LLC now owns 523,247 shares of the bank’s stock valued at $9,241,000 after purchasing an additional 107,365 shares during the period. Finally, Bank of New York Mellon Corp raised its position in 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 valued at $6,508,000 after purchasing an additional 70,645 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

CapStar Financial Company Profile

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. It offers noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; and mortgage banking products, as well as wealth management and treasury management services.