CapStar Financial Holdings, Inc. (NASDAQ:CSTR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of CapStar Financial Holdings, Inc. (NASDAQ:CSTR – Get Rating) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $19.50.

A number of brokerages have recently commented on CSTR. DA Davidson lowered shares of CapStar Financial from a “buy” rating to a “neutral” rating and set a $18.50 price target on the stock. in a report on Tuesday, January 24th. Janney Montgomery Scott lowered shares of CapStar Financial from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Tuesday, January 24th.

CapStar Financial Price Performance

Shares of NASDAQ:CSTR opened at $14.68 on Wednesday. The firm has a market cap of $316.47 million, a PE ratio of 8.29 and a beta of 0.86. The firm’s fifty day moving average is $17.30 and its 200-day moving average is $17.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.93. CapStar Financial has a 52 week low of $13.64 and a 52 week high of $22.14.

CapStar Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th were issued a $0.10 dividend. The ex-dividend date was Tuesday, February 7th. This represents a $0.40 annualized dividend and a yield of 2.72%. CapStar Financial’s payout ratio is 22.60%.

Insider Activity

In related news, Director Thomas R. Flynn acquired 1,830 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were purchased at an average price of $17.11 per share, for a total transaction of $31,311.30. Following the completion of the acquisition, the director now owns 169,405 shares of the company’s stock, valued at $2,898,519.55. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On CapStar Financial

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of CapStar Financial by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 696,588 shares of the bank’s stock worth $12,301,000 after acquiring an additional 37,901 shares in the last quarter. Private Capital Management LLC lifted its stake in shares of CapStar Financial by 2.1% during the 2nd quarter. Private Capital Management LLC now owns 421,140 shares of the bank’s stock valued at $8,263,000 after buying an additional 8,730 shares in the last quarter. State Street Corp lifted its stake in shares of CapStar Financial by 11.2% during the 2nd quarter. State Street Corp now owns 355,141 shares of the bank’s stock valued at $6,968,000 after buying an additional 35,680 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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. Finally, Banc Funds Co. LLC lifted its stake in shares of CapStar Financial by 455.4% during the 4th quarter. Banc Funds Co. LLC now owns 293,081 shares of the bank’s stock valued at $5,176,000 after buying an additional 240,311 shares in the last quarter. Institutional investors and hedge funds own 45.41% of the company’s stock.

About CapStar Financial

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CapStar Financial Holdings, Inc is a bank holding company, which engages in the provision of commercial banking services. Its products and services include commercial and industrial loans to small and medium sized businesses, commercial real estate loans, mortgage banking, and private banking and wealth management services for the owners and operators of its business clients and other high net worth individuals.