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

StockNews.com assumed coverage on shares of CapStar Financial (NASDAQ:CSTR – Get Rating) in a research note published on Thursday morning. The firm issued a hold rating on the bank’s stock.

Several other brokerages have also issued reports on CSTR. DA Davidson lowered CapStar Financial from a buy rating to a neutral rating and set a $18.50 target price for the company. in a research report on Tuesday, January 24th. Janney Montgomery Scott lowered CapStar Financial from a buy rating to a neutral rating and set a $19.00 target price for the company. in a research report on Tuesday, January 24th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $19.50.

CapStar Financial Price Performance

Shares of NASDAQ:CSTR opened at $14.38 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $17.07 and its two-hundred day simple moving average is $17.81. CapStar Financial has a 1-year low of $13.64 and a 1-year high of $22.00. The stock has a market cap of $310.03 million, a PE ratio of 8.12 and a beta of 0.86.

CapStar Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Tuesday, February 7th. CapStar Financial’s dividend payout ratio (DPR) is currently 22.60%.

Insider Buying and Selling

In other news, Director Thomas R. Flynn acquired 1,830 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was bought at an average price of $17.11 per share, with a total value of $31,311.30. Following the acquisition, the director now owns 169,405 shares in the company, valued at approximately $2,898,519.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Thomas R. Flynn acquired 1,830 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was bought at an average price of $17.11 per share, with a total value of $31,311.30. Following the acquisition, the director now owns 169,405 shares in the company, valued at approximately $2,898,519.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas R. Flynn acquired 9,375 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was purchased at an average cost of $14.98 per share, with a total value of $140,437.50. Following the acquisition, the director now owns 178,780 shares in the company, valued at approximately $2,678,124.40. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC grew its holdings in CapStar Financial by 11.0% during the 4th quarter. Voya Investment Management LLC now owns 121,532 shares of the bank’s stock valued at $2,146,000 after buying an additional 12,058 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in CapStar Financial by 47.0% during the 4th quarter. State of Wisconsin Investment Board now owns 23,700 shares of the bank’s stock valued at $419,000 after buying an additional 7,577 shares in the last quarter. Morgan Stanley grew its holdings in CapStar Financial by 39.1% during the 4th quarter. Morgan Stanley now owns 40,398 shares of the bank’s stock valued at $713,000 after buying an additional 11,363 shares in the last quarter. AQR Capital Management LLC grew its holdings in CapStar Financial by 15.4% during the 4th quarter. AQR Capital Management LLC now owns 16,239 shares of the bank’s stock valued at $287,000 after buying an additional 2,170 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in CapStar Financial by 58.0% during the 4th quarter. Two Sigma Investments LP now owns 57,266 shares of the bank’s stock valued at $1,011,000 after buying an additional 21,014 shares in the last quarter. Hedge funds and other institutional investors own 45.41% of the company’s stock.

CapStar Financial Company Profile

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CapStar Financial Holdings, Inc engages in the operation of traditional banking and other financial services. Its products and services include commercial banking, consumer banking, and wealth management. The company was founded on December 1, 2015 and is headquartered in Nashville, TN.