BidaskClub upgraded shares of Capstar Financial (NASDAQ:CSTR) from a strong sell rating to a sell rating in a report released on Wednesday morning, BidAskClub reports.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Capstar Financial from a sell rating to a hold rating in a research report on Friday, June 7th. Stephens reiterated a hold rating and issued a $17.00 price objective on shares of Capstar Financial in a research report on Wednesday, May 15th. Finally, ValuEngine upgraded Capstar Financial from a strong sell rating to a sell rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Capstar Financial has a consensus rating of Hold and a consensus price target of $17.40.

Shares of CSTR opened at $15.97 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 0.29. Capstar Financial has a 52-week low of $13.51 and a 52-week high of $19.98. The firm has a market capitalization of $282.35 million, a price-to-earnings ratio of 13.42 and a beta of 0.93.

Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). Capstar Financial had a net margin of 11.94% and a return on equity of 9.39%. The business had revenue of $21.74 million during the quarter, compared to the consensus estimate of $22.20 million. On average, equities research analysts forecast that Capstar Financial will post 1.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from Capstar Financial’s previous quarterly dividend of $0.04. Capstar Financial’s payout ratio is presently 16.81%.

Hedge funds have recently added to or reduced their stakes in the company. Penn Capital Management Co. Inc. raised its position in shares of Capstar Financial by 5.7% during the fourth quarter. Penn Capital Management Co. Inc. now owns 196,276 shares of the bank’s stock worth $2,891,000 after acquiring an additional 10,563 shares during the last quarter. Ranger Investment Management L.P. raised its position in shares of Capstar Financial by 25.9% during the fourth quarter. Ranger Investment Management L.P. now owns 327,680 shares of the bank’s stock worth $4,827,000 after acquiring an additional 67,445 shares during the last quarter. Foresters Investment Management Company Inc. raised its position in shares of Capstar Financial by 32.3% during the fourth quarter. Foresters Investment Management Company Inc. now owns 346,400 shares of the bank’s stock worth $5,102,000 after acquiring an additional 84,500 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of Capstar Financial during the fourth quarter worth $2,264,000. Finally, Equitable Trust Co. raised its position in shares of Capstar Financial by 4.2% during the fourth quarter. Equitable Trust Co. now owns 99,384 shares of the bank’s stock worth $1,463,000 after acquiring an additional 3,977 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

About Capstar Financial

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily in Tennessee, the United States. It offers a range of deposit products and services, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.

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