Equities analysts expect Capstar Financial Holdings, Inc. (NASDAQ:CSTR) to announce $0.44 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Capstar Financial’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.36. Capstar Financial reported earnings per share of $0.08 in the same quarter last year, which indicates a positive year over year growth rate of 450%. The business is scheduled to announce its next quarterly earnings results on Monday, April 26th.
According to Zacks, analysts expect that Capstar Financial will report full-year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.90. For the next fiscal year, analysts expect that the company will report earnings of $1.47 per share, with EPS estimates ranging from $1.38 to $1.53. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Capstar Financial.
Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Friday, January 29th. The bank reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.14. Capstar Financial had a return on equity of 7.89% and a net margin of 16.15%. The company had revenue of $34.08 million during the quarter, compared to the consensus estimate of $31.89 million.
A number of analysts recently weighed in on CSTR shares. Hovde Group assumed coverage on shares of Capstar Financial in a research report on Friday, March 19th. They set an “outperform” rating and a $22.00 price target for the company. Raymond James increased their price objective on shares of Capstar Financial from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of Capstar Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Friday, April 2nd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Capstar Financial has an average rating of “Buy” and a consensus price target of $18.25.
Shares of NASDAQ CSTR traded up $0.12 during trading on Friday, hitting $18.03. 1,281 shares of the company traded hands, compared to its average volume of 67,211. The company has a 50-day moving average price of $16.96 and a 200-day moving average price of $13.88. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. Capstar Financial has a 1 year low of $8.52 and a 1 year high of $19.13. The firm has a market capitalization of $398.17 million, a P/E ratio of 17.22 and a beta of 1.13.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 24th. Stockholders of record on Wednesday, February 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, February 9th. Capstar Financial’s dividend payout ratio (DPR) is presently 15.27%.
In other news, Director James S. Jr. Turner sold 2,500 shares of the stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $16.23, for a total value of $40,575.00. Following the completion of the transaction, the director now directly owns 257,298 shares in the company, valued at $4,175,946.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 7,500 shares of company stock valued at $119,600 over the last quarter. Insiders own 13.60% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Capstar Financial by 6.3% in the 4th quarter. BlackRock Inc. now owns 1,269,816 shares of the bank’s stock valued at $18,730,000 after acquiring an additional 74,813 shares in the last quarter. BHZ Capital Management LP lifted its position in Capstar Financial by 4.6% in the 4th quarter. BHZ Capital Management LP now owns 575,387 shares of the bank’s stock worth $8,487,000 after buying an additional 25,275 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Capstar Financial by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 475,845 shares of the bank’s stock worth $7,019,000 after buying an additional 6,494 shares in the last quarter. Private Capital Management LLC grew its position in Capstar Financial by 18.8% in the 3rd quarter. Private Capital Management LLC now owns 376,877 shares of the bank’s stock worth $3,697,000 after purchasing an additional 59,520 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Capstar Financial by 10.5% in the 4th quarter. Russell Investments Group Ltd. now owns 374,584 shares of the bank’s stock worth $5,522,000 after purchasing an additional 35,661 shares during the last quarter. Hedge funds and other institutional investors own 32.08% of the company’s stock.
About Capstar Financial
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 a range of deposit products and services, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.
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