CapStar Financial’s (CSTR) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of CapStar Financial (NASDAQ:CSTR – Get Rating) in a research note issued to investors on Monday morning, PriceTargets.com reports. DA Davidson also issued estimates for CapStar Financial’s Q1 2023 earnings at $0.47 EPS.

CSTR has been the topic of several other reports. StockNews.com assumed coverage on CapStar Financial in a report on Wednesday, October 12th. They set a hold rating on the stock. Piper Sandler lowered CapStar Financial from an overweight rating to a neutral rating and reduced their target price for the stock from $24.00 to $19.00 in a report on Monday, October 24th. Keefe, Bruyette & Woods lowered CapStar Financial from an outperform rating to a market perform rating and reduced their target price for the stock from $26.00 to $20.00 in a report on Sunday, October 23rd. Finally, Janney Montgomery Scott lowered CapStar Financial from a buy rating to a neutral rating and set a $19.00 price target on the stock. in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $19.50.

CapStar Financial Stock Performance

CSTR stock opened at $16.80 on Monday. The business’s 50-day moving average price is $17.66 and its two-hundred day moving average price is $18.82. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm has a market cap of $370.71 million, a PE ratio of 9.49 and a beta of 0.85. CapStar Financial has a 1-year low of $15.71 and a 1-year high of $22.17.

CapStar Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 7th. This represents a $0.40 annualized dividend and a yield of 2.38%. CapStar Financial’s payout ratio is presently 22.60%.

Institutional Trading of CapStar Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Square LLC raised its holdings in CapStar Financial by 1.2% during the second quarter. Capital Square LLC now owns 63,757 shares of the bank’s stock worth $1,250,000 after acquiring an additional 757 shares in the last quarter. BNP Paribas Arbitrage SNC increased its position in CapStar Financial by 20.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 6,122 shares of the bank’s stock worth $113,000 after buying an additional 1,057 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in CapStar Financial by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 53,406 shares of the bank’s stock worth $1,126,000 after buying an additional 1,378 shares during the last quarter. Barclays PLC increased its position in CapStar Financial by 3.7% during the third quarter. Barclays PLC now owns 43,060 shares of the bank’s stock worth $798,000 after buying an additional 1,543 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in CapStar Financial by 49.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,065 shares of the bank’s stock worth $99,000 after buying an additional 1,678 shares during the last quarter. Institutional investors own 45.41% of the company’s stock.

CapStar Financial Company Profile

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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. Its deposit products and services include demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.