Capstar Financial Holdings Inc. (CSTR) Lowered to Sell at Compass Point
A number of other research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Capstar Financial Holdings from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Monday, July 3rd. Sandler O’Neill cut Capstar Financial Holdings from a buy rating to a hold rating and reduced their price objective for the stock from $21.00 to $19.00 in a research note on Tuesday, August 1st. Stephens set a $17.00 price objective on Capstar Financial Holdings and gave the stock a hold rating in a research note on Monday, August 14th. ValuEngine cut Capstar Financial Holdings from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $18.00 price objective on shares of Capstar Financial Holdings in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $18.80.
Shares of Capstar Financial Holdings (NASDAQ:CSTR) traded down 4.48% during midday trading on Wednesday, reaching $18.96. The company’s stock had a trading volume of 13,745 shares. The firm’s 50 day moving average is $18.84 and its 200 day moving average is $18.84. Capstar Financial Holdings has a 52 week low of $15.90 and a 52 week high of $22.35. The firm has a market capitalization of $213.13 million and a price-to-earnings ratio of 107.12.
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In other Capstar Financial Holdings news, Director Julie D. Frist sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $19.44, for a total transaction of $38,880.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dale W. Polley acquired 3,000 shares of Capstar Financial Holdings stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $16.99 per share, for a total transaction of $50,970.00. Following the purchase, the director now owns 5,704 shares of the company’s stock, valued at $96,910.96. The disclosure for this purchase can be found here. Insiders own 19.28% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN acquired a new position in shares of Capstar Financial Holdings during the first quarter worth about $135,000. New York State Common Retirement Fund lifted its stake in shares of Capstar Financial Holdings by 410.8% during the second quarter. New York State Common Retirement Fund now owns 9,200 shares of the bank’s stock worth $163,000 after purchasing an additional 7,399 shares in the last quarter. Huber Capital Management LLC acquired a new position in shares of Capstar Financial Holdings during the second quarter worth about $211,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Capstar Financial Holdings during the second quarter worth about $268,000. Finally, California State Teachers Retirement System lifted its stake in shares of Capstar Financial Holdings by 146.8% during the second quarter. California State Teachers Retirement System now owns 15,300 shares of the bank’s stock worth $271,000 after purchasing an additional 9,100 shares in the last quarter. Institutional investors own 35.44% of the company’s stock.
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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