CapStar Financial (NASDAQ:CSTR) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of CapStar Financial (NASDAQ:CSTR) in a research note issued on Friday. The firm set a “hold” rating on the bank’s stock.

CapStar Financial Price Performance

NASDAQ:CSTR opened at $20.10 on Friday. CapStar Financial has a 1-year low of $11.22 and a 1-year high of $20.20. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $18.65 and a 200 day simple moving average of $17.12. The stock has a market capitalization of $418.28 million, a PE ratio of 12.80 and a beta of 0.79.

Hedge Funds Weigh In On CapStar Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSTR. JPMorgan Chase & Co. boosted its position in CapStar Financial by 8.7% during the first quarter. JPMorgan Chase & Co. now owns 143,249 shares of the bank’s stock worth $3,019,000 after purchasing an additional 11,517 shares during the period. Raymond James & Associates bought a new stake in shares of CapStar Financial in the first quarter valued at about $456,000. Bank of New York Mellon Corp boosted its position in shares of CapStar Financial by 19.5% in the first quarter. Bank of New York Mellon Corp now owns 112,399 shares of the bank’s stock valued at $2,369,000 after acquiring an additional 18,311 shares during the period. MetLife Investment Management LLC boosted its position in shares of CapStar Financial by 58.5% in the first quarter. MetLife Investment Management LLC now owns 12,519 shares of the bank’s stock valued at $264,000 after acquiring an additional 4,620 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of CapStar Financial by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 571,598 shares of the bank’s stock valued at $12,049,000 after acquiring an additional 25,197 shares during the period. 52.22% of the stock is owned by institutional investors.

CapStar Financial Company Profile

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking and other financial services to individuals and corporate customers in Tennessee, the United States. It offers noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; mortgage banking products; and wealth management and treasury management services.