CapStar Financial (NASDAQ:CSTR) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of CapStar Financial (NASDAQ:CSTRFree Report) in a research report sent to investors on Saturday. The firm issued a hold rating on the bank’s stock.

CapStar Financial Trading Up 1.7 %

Shares of CSTR stock opened at $17.84 on Friday. CapStar Financial has a 12-month low of $11.22 and a 12-month high of $19.47. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $18.34 and its 200 day moving average is $15.97. The stock has a market capitalization of $369.47 million, a P/E ratio of 11.36 and a beta of 0.79.

CapStar Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Tuesday, February 6th. This is a boost from CapStar Financial’s previous quarterly dividend of $0.04. CapStar Financial’s dividend payout ratio (DPR) is currently 28.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its stake in shares of CapStar Financial by 0.6% during the 3rd quarter. American Century Companies Inc. now owns 127,377 shares of the bank’s stock worth $1,807,000 after acquiring an additional 733 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CapStar Financial by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 52,932 shares of the bank’s stock worth $935,000 after acquiring an additional 851 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its stake in shares of CapStar Financial by 20.9% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,122 shares of the bank’s stock worth $113,000 after acquiring an additional 1,057 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of CapStar Financial by 0.5% during the 2nd quarter. Renaissance Technologies LLC now owns 233,499 shares of the bank’s stock worth $2,865,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of CapStar Financial by 156.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the bank’s stock worth $26,000 after acquiring an additional 1,288 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

About CapStar Financial

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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.

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