StockNews.com Begins Coverage on CapStar Financial (NASDAQ:CSTR)

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

CapStar Financial Stock Performance

Shares of CSTR stock opened at $20.10 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market cap of $418.36 million, a PE ratio of 14.26 and a beta of 0.79. The stock has a 50-day moving average of $19.39 and a 200-day moving average of $17.93. CapStar Financial has a one year low of $11.22 and a one year high of $20.20.

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

CapStar Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders 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 31.21%.

Institutional Investors Weigh In On CapStar Financial

Several large investors have recently made changes to their positions in the stock. Gardner Lewis Asset Management L P acquired a new stake in shares of CapStar Financial in the 4th quarter valued at approximately $4,208,000. Prelude Capital Management LLC bought a new stake in CapStar Financial in the 4th quarter valued at $3,166,000. Nalls Sherbakoff Group LLC raised its stake in CapStar Financial by 1.0% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 153,420 shares of the bank’s stock valued at $2,177,000 after acquiring an additional 1,537 shares during the period. Equitable Trust Co. raised its stake in CapStar Financial by 4.1% in the 4th quarter. Equitable Trust Co. now owns 97,605 shares of the bank’s stock valued at $1,829,000 after acquiring an additional 3,869 shares during the period. Finally, North Reef Capital Management LP bought a new stake in CapStar Financial in the 3rd quarter valued at $1,347,000. Institutional investors and hedge funds own 52.22% of the company’s stock.

CapStar Financial Company Profile

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.