Zacks: Brokerages Expect Capstar Financial Holdings, Inc. (NASDAQ:CSTR) Will Announce Earnings of $0.44 Per Share


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Equities analysts expect Capstar Financial Holdings, Inc. (NASDAQ:CSTR) to report earnings per share of $0.44 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Capstar Financial’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.36. Capstar Financial posted earnings of $0.08 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 450%. The business is scheduled to report its next quarterly earnings report on Monday, April 26th.

On average, 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 year, analysts anticipate that the business will report earnings of $1.52 per share, with EPS estimates ranging from $1.38 to $1.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Capstar Financial.

Capstar Financial (NASDAQ:CSTR) last released its quarterly earnings data on Friday, January 29th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. The firm had revenue of $34.08 million for the quarter, compared to analysts’ expectations of $31.89 million. Capstar Financial had a net margin of 16.15% and a return on equity of 7.89%.

CSTR has been the topic of a number of research reports. Zacks Investment Research raised shares of Capstar Financial from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Friday, April 2nd. Hovde Group initiated coverage on shares of Capstar Financial in a research note on Friday, March 19th. They set an “outperform” rating and a $22.00 target price on the stock. Finally, Raymond James lifted their target price on shares of Capstar Financial from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Capstar Financial presently has an average rating of “Buy” and a consensus price target of $18.25.

Shares of CSTR traded up $0.24 during trading hours on Friday, reaching $18.17. 133,916 shares of the company traded hands, compared to its average volume of 69,733. The company’s fifty day moving average price is $17.06 and its two-hundred day moving average price is $13.96. The company has a market capitalization of $401.27 million, a price-to-earnings ratio of 17.47 and a beta of 1.13. 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 12 month low of $8.52 and a 12 month high of $19.13.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 24th. Investors of record on Wednesday, February 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.10%. The ex-dividend date was Tuesday, February 9th. Capstar Financial’s payout ratio is currently 15.27%.

In related news, Director James S. Jr. Turner sold 2,500 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $16.23, for a total transaction of $40,575.00. Following the sale, the director now owns 257,298 shares of the company’s stock, 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 have sold 7,500 shares of company stock worth $119,600 in the last three months. 13.60% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Banc Funds Co. LLC bought a new stake in Capstar Financial during the fourth quarter worth about $137,000. Truist Financial Corp raised its holdings in Capstar Financial by 53.7% in the third quarter. Truist Financial Corp now owns 235,972 shares of the bank’s stock worth $2,315,000 after buying an additional 82,436 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Capstar Financial in the third quarter worth about $127,000. Barclays PLC raised its holdings in Capstar Financial by 10.0% in the fourth quarter. Barclays PLC now owns 30,415 shares of the bank’s stock worth $449,000 after buying an additional 2,760 shares during the last quarter. Finally, TBH Global Asset Management LLC purchased a new position in Capstar Financial in the fourth quarter worth about $221,000. 32.08% of the stock is currently owned by institutional investors and hedge funds.

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. 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.

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

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