Capstar Financial Holdings Inc (NASDAQ:CSTR) Expected to Post Earnings of $0.33 Per Share

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Wall Street brokerages predict that Capstar Financial Holdings Inc (NASDAQ:CSTR) will announce $0.33 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Capstar Financial’s earnings. Capstar Financial also reported earnings of $0.33 per share during the same quarter last year. The firm is expected to announce its next quarterly earnings report on Thursday, January 23rd.

According to Zacks, analysts expect that Capstar Financial will report full year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.31 to $1.35. For the next year, analysts anticipate that the firm will post earnings of $1.29 per share, with EPS estimates ranging from $1.25 to $1.35. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Capstar Financial.

Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Friday, October 25th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. Capstar Financial had a return on equity of 9.63% and a net margin of 13.90%. The firm had revenue of $23.94 million during the quarter, compared to analyst estimates of $23.75 million.

A number of brokerages recently issued reports on CSTR. SunTrust Banks began coverage on Capstar Financial in a research note on Friday, October 11th. They set a “hold” rating and a $18.00 price target for the company. BidaskClub lowered Capstar Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. Zacks Investment Research lowered Capstar Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. TheStreet lowered Capstar Financial from a “b-” rating to a “c” rating in a research report on Monday, November 11th. Finally, ValuEngine raised Capstar Financial from a “strong sell” rating to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $17.20.

Shares of CSTR stock traded down $0.15 on Friday, reaching $16.80. 7,167 shares of the company’s stock were exchanged, compared to its average volume of 40,237. Capstar Financial has a 52 week low of $13.51 and a 52 week high of $17.33. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $311.15 million, a PE ratio of 14.12 and a beta of 0.92. The company’s fifty day simple moving average is $16.70 and its 200 day simple moving average is $15.79.

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 7th. Capstar Financial’s dividend payout ratio (DPR) is presently 16.81%.

In related news, insider Timothy Kyle Schools purchased 32,446 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average cost of $15.41 per share, for a total transaction of $499,992.86. Following the acquisition, the insider now owns 32,446 shares of the company’s stock, valued at approximately $499,992.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas R. Flynn purchased 32,447 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $15.41 per share, for a total transaction of $500,008.27. Following the completion of the acquisition, the director now directly owns 151,642 shares in the company, valued at approximately $2,336,803.22. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 68,813 shares of company stock valued at $1,012,859. 13.60% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Rhumbline Advisers grew its stake in shares of Capstar Financial by 11.0% in the 3rd quarter. Rhumbline Advisers now owns 18,834 shares of the bank’s stock valued at $312,000 after buying an additional 1,872 shares during the period. JPMorgan Chase & Co. boosted its position in Capstar Financial by 108.4% in the second quarter. JPMorgan Chase & Co. now owns 4,011 shares of the bank’s stock worth $60,000 after purchasing an additional 2,086 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new position in Capstar Financial in the third quarter worth about $89,000. Northern Trust Corp boosted its position in Capstar Financial by 7.1% in the second quarter. Northern Trust Corp now owns 112,587 shares of the bank’s stock worth $1,706,000 after purchasing an additional 7,504 shares during the last quarter. Finally, CapWealth Advisors LLC purchased a new position in Capstar Financial in the third quarter worth about $206,000. Institutional investors and hedge funds own 33.39% of the company’s stock.

Capstar Financial Company Profile

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.

Read More: Leveraged Buyout (LBO) Explained

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