Wellington Management Group LLP Purchases 1,849 Shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR)
Wellington Management Group LLP boosted its stake in Capstar Financial Holdings Inc. (NASDAQ:CSTR) by 1.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 183,206 shares of the bank’s stock after buying an additional 1,849 shares during the period. Wellington Management Group LLP owned approximately 1.63% of Capstar Financial Holdings worth $3,494,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN purchased a new position in Capstar Financial Holdings during the first quarter valued at $135,000. Raymond James Financial Services Advisors Inc. purchased a new position in Capstar Financial Holdings during the fourth quarter valued at $222,000. Northwestern Mutual Wealth Management Co. purchased a new position in Capstar Financial Holdings during the first quarter valued at $572,000. Russell Investments Group Ltd. bought a new position in shares of Capstar Financial Holdings during the fourth quarter valued at approximately $1,023,000. Finally, Hennessy Advisors Inc. boosted its position in shares of Capstar Financial Holdings by 23.4% in the first quarter. Hennessy Advisors Inc. now owns 395,000 shares of the bank’s stock valued at $7,533,000 after buying an additional 75,000 shares during the period. 38.01% of the stock is owned by institutional investors.
Capstar Financial Holdings Inc. (NASDAQ:CSTR) opened at 17.66 on Friday. Capstar Financial Holdings Inc. has a 12 month low of $15.50 and a 12 month high of $22.35. The firm has a market capitalization of $198.20 million and a PE ratio of 26.36. The company’s 50-day moving average price is $18.18 and its 200 day moving average price is $19.05.
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Several research analysts recently commented on CSTR shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 price target on shares of Capstar Financial Holdings in a research report on Thursday, March 16th. Zacks Investment Research cut Capstar Financial Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Sandler O’Neill raised Capstar Financial Holdings from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Monday, May 15th. Finally, Stephens reissued a “hold” rating on shares of Capstar Financial Holdings in a research report on Thursday, April 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.25.
In other Capstar Financial Holdings news, Director Stephen Buford Smith bought 9,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were purchased at an average price of $17.90 per share, for a total transaction of $161,100.00. Following the purchase, the director now directly owns 766 shares of the company’s stock, valued at $13,711.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 19.28% of the stock is owned by insiders.
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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