Equities research analysts expect Capstar Financial Holdings Inc (NASDAQ:CSTR) to report $23.56 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Capstar Financial’s earnings. The lowest sales estimate is $23.50 million and the highest is $23.62 million. Capstar Financial reported sales of $24.10 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The firm is expected to issue its next earnings results on Thursday, January 23rd.

According to Zacks, analysts expect that Capstar Financial will report full-year sales of $93.38 million for the current fiscal year, with estimates ranging from $93.30 million to $93.46 million. For the next fiscal year, analysts anticipate that the company will post sales of $95.39 million, with estimates ranging from $94.27 million to $96.50 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Capstar Financial.

Capstar Financial (NASDAQ:CSTR) last posted its earnings results on Friday, October 25th. The bank reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The company had revenue of $23.94 million for the quarter, compared to analyst estimates of $23.75 million. Capstar Financial had a net margin of 13.90% and a return on equity of 9.63%.

Several equities research analysts have recently issued reports on CSTR shares. ValuEngine raised shares of Capstar Financial from a “strong sell” rating to a “sell” rating in a research report on Friday. TheStreet downgraded shares of Capstar Financial from a “b-” rating to a “c” rating in a research report on Monday, November 11th. Zacks Investment Research downgraded shares of Capstar Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. BidaskClub downgraded shares of Capstar Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, SunTrust Banks started coverage on shares of Capstar Financial in a research report on Friday, October 11th. They set a “hold” rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.20.

CSTR opened at $16.65 on Tuesday. The firm’s fifty day moving average is $16.73 and its two-hundred day moving average is $15.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.90 and a current ratio of 0.97. The firm has a market cap of $305.64 million, a PE ratio of 13.99 and a beta of 0.90. Capstar Financial has a twelve month low of $13.51 and a twelve month high of $17.33.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, November 7th. Capstar Financial’s dividend payout ratio is 16.81%.

In related news, Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the transaction, the director now owns 226,271 shares of the company’s stock, valued at $3,765,149.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas R. Flynn bought 32,447 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of $15.41 per share, with a total value of $500,008.27. Following the transaction, the director now owns 151,642 shares of the company’s stock, valued at approximately $2,336,803.22. The disclosure for this purchase can be found here. In the last three months, insiders have bought 68,813 shares of company stock valued at $1,012,859 and have sold 6,000 shares valued at $100,840. 13.60% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in Capstar Financial by 108.4% in the second quarter. JPMorgan Chase & Co. now owns 4,011 shares of the bank’s stock valued at $60,000 after purchasing an additional 2,086 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new position in Capstar Financial in the third quarter valued at $89,000. First Trust Advisors LP bought a new position in Capstar Financial in the second quarter valued at $190,000. CapWealth Advisors LLC bought a new position in Capstar Financial in the third quarter valued at $206,000. Finally, CNA Financial Corp bought a new position in Capstar Financial in the third quarter valued at $291,000. 33.39% of the stock is owned by institutional investors and hedge funds.

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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