CapStar Financial Receives 'Hold' Rating from StockNews.com

Financial analysis service StockNews.com has initiated coverage on CapStar Financial (NASDAQ:CSTR), a banking institution traded on the NASDAQ exchange, by issuing a report on Wednesday where they have attributed a 'hold' rating to the company's stock.

CapStar Financial Observes a Slight Uptick in Trading

On Wednesday, the trading session for CapStar Financial began with its shares priced at $18.04, reflecting a modest increase of 0.8%. The bank currently holds a market capitalization of approximately $373.61 million, a price-to-earnings ratio of 11.49, and a beta of 0.80. Its share price averages have been marked at a 50-day moving average of $17.70 and a longer 200-day moving average of $15.36. Additionally, the company maintains a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. CapStar Financial's stock price has seen a range between its 1-year low of $11.22 and a 1-year high of $19.47.

The most recent quarterly earnings report from CapStar Financial, released on October 26th, revealed a quarterly earnings per share of $0.43, surpassing consensus estimates by $0.07. Their revenue for the quarter was $26.65 million, which, while impressive, fell short of analyst predictions of $29.07 million. The bank noted a significant return on equity at 9.57% and a net margin of 19.13%. Analysts project that CapStar Financial will achieve earnings of 1.38 per share for the current fiscal year.

Institutional Interest in CapStar Financial

Significant activity has been seen in CapStar Financial's shares by large investors recently. Among these, Tower Research Capital LLC TRC amplified its stake in the bank by 156.1% in the 2nd quarter, owning 2,113 shares valued at about $26,000. Citigroup Inc. upped its shareholdings by an astonishing 41,800% during the same period, now holding 5,866 shares valued near $72,000. In a continued trend of growth, BNP Paribas Arbitrage SA and BNP Paribas Arbitrage SNC increased their holdings significantly in the 2nd and 3rd quarters, respectively. SG Americas Securities LLC opened a new position in the financial company in the 3rd quarter with an investment of $119,000. Overall, institutional investors and hedge funds own 42.49% of CapStar's shares.

About CapStar Financial

CapStar Financial Holdings, Inc. serves as the parent company for CapStar Bank, which provides financial services to both individual and corporate customers primarily within Tennessee, United States. The bank offers a diverse range of products including noninterest-bearing and interest-bearing accounts, savings accounts, money market accounts, and time deposits. They also provide mortgage banking services, as well as wealth and treasury management services.

CapStar, StockNews, Banking