Capstar Financial Holdings, Inc. (NASDAQ:CSTR) – Equities researchers at DA Davidson issued their FY2021 earnings per share (EPS) estimates for shares of Capstar Financial in a report released on Wednesday, January 12th. DA Davidson analyst K. Fitzsimmons anticipates that the bank will post earnings of $2.17 per share for the year. DA Davidson currently has a “Buy” rating and a $26.00 price target on the stock. DA Davidson also issued estimates for Capstar Financial’s Q4 2021 earnings at $0.52 EPS and FY2022 earnings at $1.77 EPS.
Separately, Zacks Investment Research raised shares of Capstar Financial from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, December 27th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Capstar Financial has an average rating of “Buy” and an average price target of $23.33.
Capstar Financial stock opened at $22.04 on Friday. The firm’s 50 day moving average price is $21.29 and its two-hundred day moving average price is $21.22. Capstar Financial has a 1 year low of $13.68 and a 1 year high of $23.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.84 and a current ratio of 0.90. The firm has a market cap of $488.63 million, a price-to-earnings ratio of 10.65 and a beta of 1.08.
Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings results on Wednesday, October 20th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $34.62 million for the quarter, compared to analyst estimates of $32.21 million. Capstar Financial had a net margin of 32.35% and a return on equity of 13.45%. During the same quarter last year, the business earned $0.43 earnings per share.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Capstar Financial by 2.0% in the 3rd quarter. BlackRock Inc. now owns 1,449,579 shares of the bank’s stock valued at $30,790,000 after purchasing an additional 28,956 shares in the last quarter. Vanguard Group Inc. raised its holdings in Capstar Financial by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 872,133 shares of the bank’s stock worth $17,879,000 after purchasing an additional 62,658 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Capstar Financial by 76.4% in the 3rd quarter. Wellington Management Group LLP now owns 666,354 shares of the bank’s stock valued at $14,153,000 after acquiring an additional 288,638 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Capstar Financial by 5.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 541,281 shares of the bank’s stock valued at $11,497,000 after acquiring an additional 26,454 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Capstar Financial by 17.2% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 421,465 shares of the bank’s stock valued at $8,640,000 after acquiring an additional 61,706 shares in the last quarter. 41.98% of the stock is currently owned by hedge funds and other institutional investors.
In other Capstar Financial news, Director James S. Jr. Turner sold 2,500 shares of the stock in a transaction on Monday, November 1st. The shares were sold at an average price of $20.99, for a total value of $52,475.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.93% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Wednesday, November 10th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Tuesday, November 9th. Capstar Financial’s dividend payout ratio (DPR) is presently 11.59%.
About Capstar Financial
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.
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