CapStar Financial Initiated with 'Hold' Rating by Analysts at StockNews.com

CapStar Financial (NASDAQ:CSTR), a bank widely recognized for its services to both consumer and corporate customers primarily in Tennessee, received new analyst coverage this past Wednesday. The coverage, initiated by StockNews.com, comes with a 'hold' rating, indicating neither a strong buy nor sell recommendation at this time. On the day of the announcement, CapStar Financial's stock was witnessed opening at $19.08 per share.

CapStar Financial's Market Performance

The bank's stock has experienced its fair share of fluctuations over the past year, reaching a 12-month low of $11.22 and a high of $19.62. At present, the company maintains a current ratio of 0.95 and a quick ratio of 0.94, demonstrating its agility in meeting short-term obligations. Additionally, the debt-to-equity ratio stands at 0.23. The market capitalization of CapStar Financial stands at approximately $395.15 million, coupled with a PE ratio of 12.15, and a beta measuring 0.79. Investors should note that the stock has been hovering around a 50-day moving average of $18.41 and a 200-day moving average of $16.63.

Hedge Fund Activities

There has been notable hedge fund activity surrounding CapStar Financial. Entities such as Gardner Lewis Asset Management L P, Prelude Capital Management LLC, FJ Capital Management LLC, Balyasny Asset Management L.P., and JPMorgan Chase & Co. have all made significant moves. These funds have either increased their holdings or initiated new positions in the bank’s stock, reflecting a mixed yet active interest from institutional investors. Collectively, these and other institutional investors own roughly 42.49% of CapStar Financial's outstanding shares.

About CapStar Financial

Under the umbrella of CapStar Financial Holdings, Inc., CapStar Bank has been delivering a variety of banking services including offering transaction accounts, savings products, as well as mortgage banking and wealth management services. Their emphasis on both noninterest and interest-bearing accounts caters to a diverse clientele seeking different financial management solutions.

CapStar, Financial, Stock