Capstar Financial Holdings Inc. (NASDAQ:CSTR) Given a $17.00 Price Target by Stephens Analysts
Capstar Financial Holdings Inc. (NASDAQ:CSTR) received a $17.00 price target from investment analysts at Stephens in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the bank’s stock. Stephens’ price objective would suggest a potential upside of 3.09% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Sandler O’Neill upgraded shares of Capstar Financial Holdings from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of Capstar Financial Holdings from a “sell” rating to a “hold” rating in a report on Friday, May 26th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $19.20.
Capstar Financial Holdings (CSTR) traded up 0.79% during mid-day trading on Monday, reaching $16.62. 23,100 shares of the company traded hands. The company’s 50-day moving average is $17.81 and its 200-day moving average is $18.52. The stock has a market capitalization of $186.83 million and a price-to-earnings ratio of 93.90. Capstar Financial Holdings has a 12-month low of $15.50 and a 12-month high of $22.35.
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In other Capstar Financial Holdings news, insider Christopher G. Tietz bought 2,000 shares of Capstar Financial Holdings stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $34,000.00. Following the acquisition, the insider now directly owns 5,100 shares in the company, valued at approximately $86,700. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dale W. Polley bought 3,000 shares of Capstar Financial Holdings stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average price of $16.99 per share, for a total transaction of $50,970.00. Following the completion of the acquisition, the director now owns 5,704 shares in the company, valued at $96,910.96. The disclosure for this purchase can be found here. Insiders have acquired 14,000 shares of company stock valued at $246,070 in the last quarter. 19.28% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hennessy Advisors Inc. raised its stake in 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 last quarter. Banc Funds Co. LLC increased its stake in shares of Capstar Financial Holdings by 4.3% in the second quarter. Banc Funds Co. LLC now owns 323,300 shares of the bank’s stock worth $5,735,000 after buying an additional 13,300 shares in the last quarter. Penn Capital Management Co. Inc. increased its stake in shares of Capstar Financial Holdings by 1.1% in the second quarter. Penn Capital Management Co. Inc. now owns 218,333 shares of the bank’s stock worth $3,873,000 after buying an additional 2,424 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. increased its stake in shares of Capstar Financial Holdings by 88.3% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 207,472 shares of the bank’s stock worth $3,957,000 after buying an additional 97,272 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Capstar Financial Holdings by 1.0% in the first quarter. Wellington Management Group LLP now owns 183,206 shares of the bank’s stock worth $3,494,000 after buying an additional 1,849 shares in the last quarter. 38.16% of the stock is owned by hedge funds and other institutional investors.
About Capstar Financial Holdings
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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