CapStar Financial Holdings Receives Hold Rating from StockNews.com

On a recent Friday morning, StockNews.com began coverage on CapStar Financial Holdings (NASDAQ:CSTR), issuing a hold rating for the banking institution's shares. As a financial analysis and news provider, their insights are closely watched by investors.

CapStar Financial Price Performance

The opening price of CapStar Financial stock was noted at $17.66. Throughout a 52-week period, the shares have fluctuated between a low of $11.22 and a high of $19.47. Notable financial ratios include a quick ratio of 0.94, a current ratio of 0.95, and a debt-to-equity ratio of 0.23. Over time, the company's 50-day and 200-day simple moving averages have been $18.23 and $15.83, respectively. With a market capitalization of $365.74 million, the firm boasts a PE ratio of 11.25 and a beta of 0.79, indicative of its stock performance volatility relative to the market.

CapStar Financial Increases Dividend

In the wake of CapStar Financial's performance, the bank announced an increase in its quarterly dividend. Scheduled for a February 21st payout to shareholders on record by February 7th, the dividend has grown from $0.04 to $0.11. With an ex-dividend date on February 6th, the dividend's annualized rate stands at $0.44, yielding 2.49%. The company's payout ratio currently sits at 28.03%.

Institutional Inflows and Outflows

Recent quarters have seen a shift in the stakes of institutional investors and hedge funds in CSTR. JPMorgan Chase & Co. has ramped up its CapStar Financial shareholding by 8.7%, reaching 143,249 shares worth approximately $3,019,000 after adding 11,517 shares. Similarly, Raymond James & Associates started a new position while Bank of New York Mellon Corp increased its stake by 19.5%. Other institutions, including MetLife Investment Management LLC and Dimensional Fund Advisors LP, have also adjusted their investments, signaling confidence from the financial community in CapStar. Collectively, hedge funds and other institutional investors own about 42.49% of the bank's stock.

CapStar Financial Company Profile

Operating predominantly in Tennessee, CapStar Financial Holdings, Inc. is the bank holding entity for CapStar Bank. The bank caters to both individual and corporate clients, offering a variety of banking services, including different types of deposit accounts and mortgage banking products, alongside wealth management and treasury management services.

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