CapStar Financial Receives 'Hold' Rating and Shows Market Growth

Investment analysts at StockNews.com have recently begun to follow CapStar Financial (NASDAQ:CSTR), providing the bank with a 'hold' rating. This guidance comes as a key insight for potential investors monitoring the bank's performance.

CapStar Financial Trading Up 1.7%

Last Friday, CapStar Financial's stock initiated trading at $17.84. The bank's share prices have seen a fluctuation between a 12-month low and high of $11.22 and $19.47, respectively. CapStar Financial's current ratio stands at 0.95, with a quick ratio close behind at 0.94. Its debt-to-equity ratio is noted at 0.23. With a 50-day moving average of $18.34, and a 200-day average of $15.97, the company's market cap currently sits at $369.47 million. It also upholds a P/E ratio of 11.36 and a beta of 0.79.

CapStar Financial Increases Dividend

There's good news for shareholders, as CapStar Financial has announced an increase in its quarterly dividend. On February 21st, a dividend of $0.11 per share will be distributed to stockholders on record as of February 7th, up from the previous $0.04 dividend. This increment pushes the annualized dividend yield to 2.47% with a dividend payout ratio (DPR) currently standing at 28.03%. The crucial date for investors to own shares before the ex-dividend is February 6th.

Institutional Inflows and Outflows

In recent financial quarters, numerous institutional investors have adjusted their stakes in CapStar Financial. American Century Companies Inc., for example, has increased their ownership by 0.6%, now holding 127,377 shares valued at approximately $1,807,000. Additionally, Charles Schwab Investment Management Inc. upped their shares by 1.6% in the fourth quarter, whereas BNP Paribas Arbitrage SNC increased their hold by 20.9% in the third quarter. Other noteworthy adjustments include Renaissance Technologies LLC's 0.5% rise and Tower Research Capital LLC TRC's significant jump by 156.1% in their stake in CapStar Financial. Together, hedge funds and institutional investors own 42.49% of the bank's shares.

About CapStar Financial

CapStar Financial Holdings, Inc. operates as the holding company for CapStar Bank. Based in Tennessee, the bank offers an array of services including traditional banking products, mortgage banking, as well as wealth management and treasury management services, catering to both consumer and corporate clients.

CapStar, Financial, Stock