Capstar Financial Holdings, Inc. (NASDAQ:CSTR) Expected to Announce Earnings of $0.50 Per Share

Analysts predict that Capstar Financial Holdings, Inc. (NASDAQ:CSTR) will post earnings of $0.50 per share for the current quarter, according to Zacks. Four analysts have made estimates for Capstar Financial’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.46. Capstar Financial reported earnings per share of $0.43 during the same quarter last year, which suggests a positive year over year growth rate of 16.3%. The company is expected to issue its next quarterly earnings report on Thursday, October 28th.

On average, analysts expect that Capstar Financial will report full-year earnings of $2.02 per share for the current year, with EPS estimates ranging from $1.95 to $2.05. For the next financial year, analysts expect that the company will post earnings of $1.86 per share, with EPS estimates ranging from $1.75 to $1.99. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Capstar Financial.

Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings results on Thursday, July 22nd. The bank reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. Capstar Financial had a net margin of 27.79% and a return on equity of 12.73%. The business had revenue of $32.92 million during the quarter, compared to the consensus estimate of $34.21 million.

Several equities research analysts have recently issued reports on the stock. Raymond James reaffirmed a “buy” rating and set a $23.00 price objective (up from $20.00) on shares of Capstar Financial in a research report on Monday, July 26th. Zacks Investment Research lowered shares of Capstar Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 28th. Finally, Janney Montgomery Scott started coverage on shares of Capstar Financial in a research note on Wednesday, September 1st. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Capstar Financial has a consensus rating of “Buy” and a consensus target price of $22.00.

Shares of NASDAQ:CSTR traded down $0.93 during trading on Monday, hitting $20.82. The company’s stock had a trading volume of 403 shares, compared to its average volume of 69,232. The business has a 50 day moving average price of $20.97 and a two-hundred day moving average price of $20.00. The company has a market capitalization of $461.43 million, a PE ratio of 11.44 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.84 and a current ratio of 0.90. Capstar Financial has a fifty-two week low of $9.01 and a fifty-two week high of $23.00.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 25th. Investors of record on Wednesday, August 11th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, August 10th. Capstar Financial’s payout ratio is 16.90%.

In other Capstar Financial news, Director James S. Jr. Turner sold 2,500 shares of the firm’s stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $20.29, for a total transaction of $50,725.00. Following the transaction, the director now owns 247,298 shares of the company’s stock, valued at approximately $5,017,676.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sam B. Devane acquired 2,000 shares of the stock in a transaction dated Friday, July 30th. The stock was acquired at an average cost of $21.20 per share, for a total transaction of $42,400.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,560 shares of company stock worth $222,468 over the last quarter. 9.93% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Globeflex Capital L P bought a new stake in Capstar Financial in the 2nd quarter valued at $111,000. Metropolitan Life Insurance Co NY acquired a new position in Capstar Financial during the 2nd quarter worth about $121,000. BNP Paribas Arbitrage SA lifted its position in Capstar Financial by 82.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,484 shares of the bank’s stock worth $129,000 after buying an additional 3,378 shares in the last quarter. Royal Bank of Canada lifted its position in Capstar Financial by 9.2% during the 1st quarter. Royal Bank of Canada now owns 8,293 shares of the bank’s stock valued at $143,000 after purchasing an additional 702 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in Capstar Financial during the 2nd quarter valued at about $162,000. 39.91% of the stock is currently owned by institutional investors.

Capstar Financial Company Profile

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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Earnings History and Estimates for Capstar Financial (NASDAQ:CSTR)

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