CapStar Financial Receives 'Hold' Rating as StockNews.com Initiates Coverage

StockNews.com analysts have begun tracking CapStar Financial (NASDAQ: CSTR), issuing a 'hold' rating on the bank's shares in a recent report. On Friday, the banking stock opened trading at $17.73.

Financial Performance and Stock Movements

The bank's shares have shown stability in the market with a low debt-to-equity ratio of 0.23, and liquidity ratios such as a current ratio of 0.95 and a quick ratio of 0.94. Over a 12-month period, CapStar Financial's share price fluctuated between $11.22 and $18.52. With a 50-day moving average of $15.62 and a 200-day moving average of $14.24, the bank's market cap stands at $367.22 million, with a price-to-earnings (P/E) ratio of 11.29 and a beta of 0.80.

In its latest quarterly report, CapStar Financial reported earnings per share (EPS) of $0.43, exceeding analyst expectations by $0.07. The bank's revenue for the quarter was $26.65 million, shy of the forecasted $29.07 million. With a net margin of 19.13% and a return on equity of 9.57%, projections suggest the bank may secure an EPS of $1.39 for the current fiscal year.

Hedge Funds Interest

Recent activity indicates that several hedge funds have adjusted their investments in CapStar Financial. Notable adjustments include Tower Research Capital LLC TRC's 156.1% increase in shares, Citigroup Inc.'s 41,800.0% jump, and BNP Paribas Arbitrage SA's 49.5% rise in its shareholdings. These strategic movements reflect a growing interest and confidence in the bank's performance, with institutional investors and hedge funds holding 42.49% of the company's stock.

Company Overview

CapStar Financial Holdings, Inc., through CapStar Bank, provides a spectrum of banking services, primarily to customers in Tennessee. Its offerings include various deposit accounts, mortgage banking services, and a suite of wealth and treasury management services, emphasizing its role as a comprehensive financial institution.

CapStar, Financial, Stocks