Zacks Investment Research Upgrades Capstar Financial Holdings Inc (CSTR) to “Buy”
Capstar Financial Holdings Inc (NASDAQ:CSTR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $22.00 price target on the stock. Zacks Investment Research’s target price suggests a potential upside of 14.94% from the stock’s previous close.
According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers baking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “
CSTR has been the subject of a number of other reports. Raymond James Financial, Inc. lowered shares of Capstar Financial Holdings from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price target on shares of Capstar Financial Holdings in a research note on Thursday, March 16th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.25.
Shares of Capstar Financial Holdings (NASDAQ:CSTR) opened at 19.14 on Friday. The stock’s 50 day moving average is $19.59 and its 200 day moving average is $18.91. Capstar Financial Holdings has a 52 week low of $15.50 and a 52 week high of $22.35. The firm has a market cap of $214.56 million and a P/E ratio of 23.63.
Capstar Financial Holdings (NASDAQ:CSTR) last issued its quarterly earnings results on Monday, January 30th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. During the same quarter last year, the business earned $0.20 earnings per share. On average, equities research analysts predict that Capstar Financial Holdings will post $0.89 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in CSTR. Monashee Investment Management LLC bought a new position in Capstar Financial Holdings during the third quarter worth $1,269,000. Corsair Capital LLC bought a new position in Capstar Financial Holdings during the third quarter worth $9,014,000. Ranger Investment Management L.P. raised its position in Capstar Financial Holdings by 6.9% in the fourth quarter. Ranger Investment Management L.P. now owns 80,190 shares of the company’s stock worth $1,761,000 after buying an additional 5,190 shares during the last quarter. Banc Funds Co. LLC bought a new position in Capstar Financial Holdings during the third quarter worth $5,245,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Capstar Financial Holdings during the fourth quarter worth $222,000. 26.56% of the stock is owned by institutional investors and hedge funds.
Capstar Financial Holdings Company Profile
CapStar Financial Holdings, Inc is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking.
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