Zacks: Analysts Anticipate Capstar Financial Holdings Inc (NASDAQ:CSTR) to Announce $0.33 EPS

Equities research analysts expect that Capstar Financial Holdings Inc (NASDAQ:CSTR) will announce $0.33 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Capstar Financial’s earnings. Capstar Financial also posted earnings per share of $0.33 during the same quarter last year. The business is scheduled to issue its next earnings results on Thursday, January 23rd.

On average, analysts expect that Capstar Financial will report full year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.29 to $1.35. For the next financial year, analysts expect that the firm will post earnings of $1.31 per share, with EPS estimates ranging from $1.27 to $1.35. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Capstar Financial.

Capstar Financial (NASDAQ:CSTR) last announced its quarterly earnings results on Friday, October 25th. The bank reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. Capstar Financial had a return on equity of 9.72% and a net margin of 13.90%. The company had revenue of $23.94 million for the quarter, compared to the consensus estimate of $23.75 million.

Several equities analysts have commented on the company. Zacks Investment Research upgraded Capstar Financial from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Thursday, October 31st. ValuEngine downgraded Capstar Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 16th. BidaskClub upgraded Capstar Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Compass Point upgraded Capstar Financial from a “sell” rating to a “neutral” rating and set a $16.00 price target on the stock in a report on Friday, July 26th. Finally, SunTrust Banks assumed coverage on Capstar Financial in a report on Friday, October 11th. They set a “hold” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Capstar Financial presently has a consensus rating of “Hold” and an average target price of $17.20.

CSTR stock traded down $0.02 during midday trading on Friday, hitting $16.96. 1,231 shares of the company traded hands, compared to its average volume of 60,481. Capstar Financial has a twelve month low of $13.51 and a twelve month high of $17.33. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.04. The business has a 50 day simple moving average of $16.57 and a 200-day simple moving average of $15.63. The stock has a market capitalization of $300.10 million, a price-to-earnings ratio of 14.21 and a beta of 0.92.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.05 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.20 annualized dividend and a dividend yield of 1.18%. Capstar Financial’s dividend payout ratio is 16.81%.

In other Capstar Financial news, Director Thomas R. Flynn acquired 32,447 shares of Capstar Financial stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $15.41 per share, with a total value of $500,008.27. Following the completion of the transaction, the director now owns 151,642 shares of the company’s stock, valued at $2,336,803.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julie D. Frist sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $16.64, for a total value of $33,280.00. Following the completion of the sale, the director now directly owns 226,271 shares of the company’s stock, valued at $3,765,149.44. The disclosure for this sale can be found here. Insiders bought 68,813 shares of company stock valued at $1,012,859 over the last three months. 13.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Capstar Financial by 78.8% during the second quarter. BlackRock Inc. now owns 733,256 shares of the bank’s stock valued at $11,109,000 after buying an additional 323,074 shares during the period. Russell Investments Group Ltd. lifted its position in Capstar Financial by 1,318.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 270,675 shares of the bank’s stock valued at $4,488,000 after acquiring an additional 251,593 shares in the last quarter. Context BH Capital Management LP lifted its position in Capstar Financial by 28.3% in the 2nd quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock valued at $3,611,000 after acquiring an additional 52,642 shares in the last quarter. Renaissance Technologies LLC lifted its position in Capstar Financial by 30.4% in the 2nd quarter. Renaissance Technologies LLC now owns 138,572 shares of the bank’s stock valued at $2,099,000 after acquiring an additional 32,300 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Capstar Financial by 66.4% in the 2nd quarter. Acadian Asset Management LLC now owns 61,994 shares of the bank’s stock valued at $940,000 after acquiring an additional 24,741 shares in the last quarter. 30.34% of the stock is owned by institutional investors.

About Capstar Financial

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily in Tennessee, the United States. It offers a range of deposit products and services, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.

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