Raymond James Financial Services Advisors Inc. cut its holdings in Capstar Financial Holdings Inc. (NASDAQ:CSTR) by 13.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,450 shares of the bank’s stock after selling 2,009 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.12% of Capstar Financial Holdings worth $239,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CSTR. Wells Fargo & Company MN bought a new position in Capstar Financial Holdings in the first quarter valued at about $135,000. Goldman Sachs Group Inc. bought a new position in Capstar Financial Holdings in the first quarter valued at about $529,000. Shayne & CO. LLC bought a new position in Capstar Financial Holdings in the second quarter valued at about $355,000. Schwab Charles Investment Management Inc. bought a new position in Capstar Financial Holdings in the second quarter valued at about $268,000. Finally, Bank of New York Mellon Corp bought a new position in Capstar Financial Holdings in the second quarter valued at about $380,000. 34.05% of the stock is currently owned by institutional investors and hedge funds.

Capstar Financial Holdings Inc. (NASDAQ:CSTR) opened at $19.32 on Friday. Capstar Financial Holdings Inc. has a 1 year low of $16.00 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 1.00. The stock has a market capitalization of $219.46, a PE ratio of 18.94 and a beta of 1.41.

Capstar Financial Holdings (NASDAQ:CSTR) last issued its quarterly earnings data on Monday, October 16th. The bank reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.12. Capstar Financial Holdings had a return on equity of 9.27% and a net margin of 7.05%. The company had revenue of $14.22 million during the quarter, compared to the consensus estimate of $13.56 million. During the same period last year, the company earned $0.20 earnings per share. research analysts predict that Capstar Financial Holdings Inc. will post 0.29 EPS for the current fiscal year.

CSTR has been the subject of several research reports. ValuEngine downgraded Capstar Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 target price on shares of Capstar Financial Holdings in a research report on Tuesday, October 3rd. Stephens set a $17.00 target price on Capstar Financial Holdings and gave the company a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded Capstar Financial Holdings from a “buy” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Sandler O’Neill downgraded Capstar Financial Holdings from a “buy” rating to a “hold” rating and dropped their target price for the company from $21.00 to $19.00 in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Capstar Financial Holdings has a consensus rating of “Hold” and a consensus price target of $18.50.

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In other news, Director Julie D. Frist sold 2,000 shares of the firm’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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Gaylon M. Jr. Lawrence acquired 21,208 shares of the stock in a transaction dated Monday, October 16th. The shares were bought at an average price of $20.38 per share, with a total value of $432,219.04. The disclosure for this purchase can be found here. 19.28% of the stock is owned by company 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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Institutional Ownership by Quarter for Capstar Financial Holdings (NASDAQ:CSTR)

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