Julie D. Frist Sells 2,000 Shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) Stock

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Capstar Financial Holdings Inc (NASDAQ:CSTR) Director Julie D. Frist sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $16.78, for a total transaction of $33,560.00. Following the sale, the director now directly owns 226,271 shares of the company’s stock, valued at approximately $3,796,827.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

CSTR opened at $16.31 on Wednesday. The company has a market cap of $308.40 million, a P/E ratio of 12.44 and a beta of 0.90. 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 company’s 50 day moving average is $16.74 and its 200-day moving average is $15.82. Capstar Financial Holdings Inc has a 1-year low of $13.51 and a 1-year high of $17.33.

Capstar Financial (NASDAQ:CSTR) last released its quarterly earnings data 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. The business had revenue of $23.94 million during the quarter, compared to analysts’ expectations of $23.75 million. Capstar Financial had a net margin of 13.90% and a return on equity of 9.63%. On average, equities analysts forecast that Capstar Financial Holdings Inc will post 1.33 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.23%. Capstar Financial’s payout ratio is presently 16.81%.

A number of research analysts recently issued reports on CSTR shares. BidaskClub cut shares of Capstar Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th. ValuEngine upgraded Capstar Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, November 29th. SunTrust Banks began coverage on Capstar Financial in a report on Friday, October 11th. They issued a “hold” rating and a $18.00 target price on the stock. TheStreet lowered Capstar Financial from a “b-” rating to a “c” rating in a research note on Monday, November 11th. Finally, Zacks Investment Research cut Capstar Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Capstar Financial presently has a consensus rating of “Hold” and a consensus target price of $17.20.

Several large investors have recently made changes to their positions in CSTR. BlackRock Inc. lifted its stake in shares of Capstar Financial by 78.8% in the 2nd quarter. BlackRock Inc. now owns 733,256 shares of the bank’s stock valued at $11,109,000 after acquiring an additional 323,074 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Capstar Financial by 1,318.5% during the third quarter. Russell Investments Group Ltd. now owns 270,675 shares of the bank’s stock valued at $4,488,000 after purchasing an additional 251,593 shares in the last quarter. Context BH Capital Management LP grew its holdings in shares of Capstar Financial by 28.3% during the second quarter. Context BH Capital Management LP now owns 238,351 shares of the bank’s stock worth $3,611,000 after purchasing an additional 52,642 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Capstar Financial during the third quarter worth about $747,000. Finally, Renaissance Technologies LLC increased its stake in shares of Capstar Financial by 30.4% in the second quarter. Renaissance Technologies LLC now owns 138,572 shares of the bank’s stock valued at $2,099,000 after buying an additional 32,300 shares during the period. Institutional investors own 33.39% of the company’s stock.

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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Insider Buying and Selling by Quarter for Capstar Financial (NASDAQ:CSTR)

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