CapStar Financial (NASDAQ:CSTR) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of CapStar Financial (NASDAQ:CSTR) in a research note published on Saturday morning. The firm issued a hold rating on the bank’s stock.

CapStar Financial Price Performance

Shares of NASDAQ CSTR opened at $20.10 on Friday. The firm has a market cap of $418.36 million, a P/E ratio of 12.80 and a beta of 0.79. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.22. CapStar Financial has a 1-year low of $11.22 and a 1-year high of $20.20. The business’s 50 day moving average is $18.85 and its 200-day moving average is $17.50.

CapStar Financial (NASDAQ:CSTR) last announced its earnings results on Tuesday, March 12th. The bank reported $0.31 earnings per share for the quarter. The company had revenue of $27.11 million for the quarter. CapStar Financial had a return on equity of 8.46% and a net margin of 16.17%. Equities research analysts predict that CapStar Financial will post 1.42 earnings per share for the current year.

CapStar Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.44 dividend on an annualized basis and a yield of 2.19%. This is an increase from CapStar Financial’s previous quarterly dividend of $0.04. CapStar Financial’s dividend payout ratio is currently 28.03%.

Institutional Investors Weigh In On CapStar Financial

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of CapStar Financial by 8.7% in the 1st quarter. JPMorgan Chase & Co. now owns 143,249 shares of the bank’s stock valued at $3,019,000 after purchasing an additional 11,517 shares in the last quarter. Raymond James & Associates bought a new position in shares of CapStar Financial in the 1st quarter valued at $456,000. Bank of New York Mellon Corp lifted its stake in shares of CapStar Financial by 19.5% in the 1st quarter. Bank of New York Mellon Corp now owns 112,399 shares of the bank’s stock valued at $2,369,000 after acquiring an additional 18,311 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of CapStar Financial by 58.5% in the 1st quarter. MetLife Investment Management LLC now owns 12,519 shares of the bank’s stock valued at $264,000 after acquiring an additional 4,620 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of CapStar Financial by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 571,598 shares of the bank’s stock valued at $12,049,000 after acquiring an additional 25,197 shares during the last quarter. Institutional investors and hedge funds own 52.22% of the company’s stock.

About CapStar Financial

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking and other financial services to individuals and corporate customers in Tennessee, the United States. It offers noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; mortgage banking products; and wealth management and treasury management services.