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

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

CapStar Financial Price Performance

Shares of CSTR opened at $20.10 on Wednesday. The company’s 50-day moving average price is $19.75 and its 200 day moving average price is $18.31. CapStar Financial has a 12-month low of $11.22 and a 12-month 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 market cap of $418.36 million, a P/E ratio of 14.26 and a beta of 0.79.

CapStar Financial (NASDAQ:CSTR) last released its quarterly earnings results on Tuesday, March 12th. The bank reported $0.31 earnings per share (EPS) for the quarter. CapStar Financial had a net margin of 16.17% and a return on equity of 8.46%. The business had revenue of $27.11 million for the quarter. On average, sell-side analysts forecast that CapStar Financial will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On CapStar Financial

Several institutional investors and hedge funds have recently modified their holdings of the company. Chicago Capital Management LLC boosted its holdings in CapStar Financial by 7.8% during the 1st quarter. Chicago Capital Management LLC now owns 167,626 shares of the bank’s stock valued at $3,369,000 after acquiring an additional 12,154 shares during the period. TBH Global Asset Management LLC grew its holdings in shares of CapStar Financial by 15.7% in the first quarter. TBH Global Asset Management LLC now owns 44,235 shares of the bank’s stock valued at $889,000 after purchasing an additional 6,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in CapStar Financial during the 4th quarter worth approximately $718,000. Prelude Capital Management LLC acquired a new stake in CapStar Financial during the 4th quarter worth approximately $3,166,000. Finally, PenderFund Capital Management Ltd. purchased a new position in CapStar Financial in the 4th quarter valued at approximately $415,000. Hedge funds and other institutional investors own 52.22% of the company’s stock.

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.