StockNews.com Initiates Coverage on CapStar Financial with a 'Hold' Rating

StockNews.com, a research analyst group, has recently commenced coverage on CapStar Financial (NASDAQ:CSTR), issuing an investor note on Sunday. The firm has decided on a 'hold' rating for the bank's stock, signifying a neutral stance on the financial institution's share performance at this time.

CapStar Financial's Market Performance

On Friday, CapStar Financial's stock began trading at $18.76. The bank has been seeing a steady increase in its share value, with a 50-day moving average of $16.47 and a 200-day moving average of $14.68. Boasting a market capitalization of $388.52 million, a debt-equity ratio of 0.23, and a PE ratio of 11.95, the bank's financial health appears robust. The bank's stock has fluctuated between a 12-month low of $11.22 and a high of $19.47. CapStar Financial also reported positive earnings results recently with a quarterly EPS of $0.43, beating estimates by $0.07.

Institutional Investments in CapStar Financial

In recent financial quarters, various institutional investors have adjusted their stakes in CapStar Financial. Prominent among them are American Century Companies Inc., Charles Schwab Investment Management Inc., BNP Paribas Arbitrage SNC, Renaissance Technologies LLC, and Tower Research Capital LLC TRC. These adjustments reflect a mix of minor increases and notable expansions in shareholdings, indicating a sustained institutional interest in CapStar's financial prospects. Overall, institutional investors and hedge funds own 42.49% of the company's stock.

Overview of CapStar Financial

Operating primarily out of Tennessee, CapStar Financial Holdings, Inc. serves as the parent company for CapStar Bank, offering diverse banking services to both consumer and corporate clients. The bank's offerings extend from various deposit accounts to mortgage banking products, as well as wealth and treasury management services. As a regional financial player, CapStar aims to cater to local needs while maintaining strong financial foundations.

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