Short Interest in CapStar Financial Holdings, Inc. (NASDAQ:CSTR) Drops By 9.6%

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

Institutional Investors Weigh In On CapStar Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in CapStar Financial by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 546,401 shares of the bank’s stock valued at $11,491,000 after buying an additional 5,120 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of CapStar Financial by 67.8% in the 4th quarter. BNP Paribas Arbitrage SA now owns 8,806 shares of the bank’s stock worth $185,000 after acquiring an additional 3,558 shares during the last quarter. Bank of Montreal Can bought a new position in CapStar Financial in the 4th quarter valued at about $2,124,000. Renaissance Technologies LLC increased its holdings in CapStar Financial by 16.5% during the 4th quarter. Renaissance Technologies LLC now owns 365,999 shares of the bank’s stock worth $7,697,000 after purchasing an additional 51,900 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its holdings in shares of CapStar Financial by 1.5% in the fourth quarter. Kennedy Capital Management Inc. now owns 269,418 shares of the bank’s stock valued at $5,666,000 after purchasing an additional 3,998 shares in the last quarter. 43.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on CSTR. Raymond James downgraded shares of CapStar Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, July 7th. Truist Financial decreased their price objective on shares of CapStar Financial to $21.00 in a report on Thursday.

CapStar Financial Trading Up 0.3 %

Shares of NASDAQ CSTR opened at $19.85 on Monday. The firm has a 50 day moving average price of $20.52 and a two-hundred day moving average price of $20.50. CapStar Financial has a 52-week low of $18.63 and a 52-week high of $22.74. The stock has a market cap of $438.01 million, a P/E 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 released its earnings results on Thursday, July 21st. The bank reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). CapStar Financial had a net margin of 33.89% and a return on equity of 12.52%. During the same quarter last year, the business posted $0.55 earnings per share. As a group, equities analysts forecast that CapStar Financial will post 1.94 EPS for the current year.

CapStar Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Investors 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 of this dividend was Tuesday, August 9th. CapStar Financial’s dividend payout ratio is presently 19.23%.

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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