Equities analysts expect Capstar Financial Holdings Inc (NASDAQ:CSTR) to post $31.49 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Capstar Financial’s earnings, with the lowest sales estimate coming in at $30.56 million and the highest estimate coming in at $32.80 million. Capstar Financial reported sales of $23.94 million during the same quarter last year, which indicates a positive year-over-year growth rate of 31.5%. The company is scheduled to report its next quarterly earnings report on Thursday, October 22nd.
According to Zacks, analysts expect that Capstar Financial will report full-year sales of $112.85 million for the current year, with estimates ranging from $111.60 million to $113.60 million. For the next financial year, analysts forecast that the company will report sales of $117.41 million, with estimates ranging from $109.90 million to $122.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Capstar Financial.
Capstar Financial (NASDAQ:CSTR) last released its earnings results on Friday, July 24th. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.20. The business had revenue of $28.50 million during the quarter, compared to the consensus estimate of $23.20 million. Capstar Financial had a return on equity of 7.36% and a net margin of 16.58%.
Several analysts recently weighed in on CSTR shares. ValuEngine downgraded Capstar Financial from a “hold” rating to a “sell” rating in a report on Friday, July 24th. Zacks Investment Research downgraded Capstar Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, SunTrust Banks decreased their price objective on Capstar Financial from $14.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Capstar Financial currently has an average rating of “Hold” and a consensus target price of $12.33.
Institutional investors and hedge funds have recently bought and sold shares of the business. Synovus Financial Corp purchased a new position in Capstar Financial in the first quarter valued at about $25,000. BNP Paribas Arbitrage SA grew its stake in Capstar Financial by 28.8% in the first quarter. BNP Paribas Arbitrage SA now owns 4,534 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,013 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Capstar Financial by 148.5% in the second quarter. Public Employees Retirement System of Ohio now owns 7,889 shares of the bank’s stock valued at $95,000 after purchasing an additional 4,714 shares during the last quarter. SG Americas Securities LLC purchased a new position in Capstar Financial in the second quarter valued at about $104,000. Finally, American International Group Inc. grew its stake in shares of Capstar Financial by 13.1% during the second quarter. American International Group Inc. now owns 9,771 shares of the bank’s stock worth $117,000 after acquiring an additional 1,128 shares during the last quarter. Institutional investors own 33.09% of the company’s stock.
Shares of CSTR stock traded up $0.18 on Thursday, hitting $10.41. The stock had a trading volume of 37,724 shares, compared to its average volume of 34,559. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $10.72 and a 200 day moving average price of $11.09. The company has a market cap of $228.33 million, a PE ratio of 9.91 and a beta of 1.07. Capstar Financial has a one year low of $7.44 and a one year high of $17.48.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $0.20 annualized dividend and a yield of 1.92%. Capstar Financial’s dividend payout ratio (DPR) is presently 15.27%.
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.
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