CapStar Financial (NASDAQ:CSTR) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of CapStar Financial (NASDAQ:CSTR) in a report released on Monday morning. The firm issued a hold rating on the bank’s stock.

CapStar Financial Price Performance

CSTR stock opened at $20.10 on Monday. The company has a market cap of $418.36 million, a PE ratio of 14.26 and a beta of 0.79. 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 stock has a 50-day moving average price of $19.28 and a two-hundred day moving average price of $17.87. CapStar Financial has a 12-month low of $11.22 and a 12-month high of $20.20.

CapStar Financial (NASDAQ:CSTR) last issued its earnings results on Tuesday, March 12th. The bank reported $0.31 earnings per share (EPS) for the quarter. CapStar Financial had a return on equity of 8.46% and a net margin of 16.17%. The business had revenue of $27.11 million during the quarter. As a group, research analysts predict that CapStar Financial will post 1.42 EPS for the current year.

CapStar Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were given a $0.11 dividend. This is an increase from CapStar Financial’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, February 6th. This represents a $0.44 annualized dividend and a yield of 2.19%. CapStar Financial’s dividend payout ratio (DPR) is 31.21%.

Institutional Investors Weigh In On CapStar Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSTR. Gardner Lewis Asset Management L P acquired a new stake in shares of CapStar Financial during the fourth quarter worth approximately $4,208,000. Prelude Capital Management LLC acquired a new stake in CapStar Financial in the fourth quarter worth $3,166,000. Nalls Sherbakoff Group LLC boosted its holdings in shares of CapStar Financial by 1.0% during the third quarter. Nalls Sherbakoff Group LLC now owns 153,420 shares of the bank’s stock valued at $2,177,000 after acquiring an additional 1,537 shares during the period. Equitable Trust Co. grew its position in shares of CapStar Financial by 4.1% during the fourth quarter. Equitable Trust Co. now owns 97,605 shares of the bank’s stock worth $1,829,000 after acquiring an additional 3,869 shares during the last quarter. Finally, North Reef Capital Management LP acquired a new stake in shares of CapStar Financial in the 3rd quarter worth about $1,347,000. 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.