Equities analysts expect Capstar Financial Holdings Inc (NASDAQ:CSTR) to announce earnings per share (EPS) of $0.24 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Capstar Financial’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.18. Capstar Financial posted earnings per share of $0.36 in the same quarter last year, which suggests a negative year over year growth rate of 33.3%. The firm is expected to issue its next earnings report on Thursday, October 22nd.
According to Zacks, analysts expect that Capstar Financial will report full-year earnings of $0.97 per share for the current fiscal year. For the next year, analysts expect that the business will report earnings of $1.08 per share, with EPS estimates ranging from $0.94 to $1.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Capstar Financial.
Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Friday, July 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.20. The company had revenue of $28.50 million for the quarter, compared to analysts’ expectations of $23.20 million. Capstar Financial had a net margin of 16.58% and a return on equity of 7.36%.
A number of equities research analysts have recently issued reports on CSTR shares. SunTrust Banks dropped their target price on shares of Capstar Financial from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, July 28th. ValuEngine lowered shares of Capstar Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. Finally, Zacks Investment Research lowered shares of Capstar Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $12.33.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Capital Management LLC acquired a new position in shares of Capstar Financial during the 1st quarter worth approximately $1,517,000. Russell Investments Group Ltd. grew its position in shares of Capstar Financial by 34.9% during the 1st quarter. Russell Investments Group Ltd. now owns 298,116 shares of the bank’s stock worth $2,943,000 after purchasing an additional 77,200 shares in the last quarter. Arbiter Partners Capital Management LLC grew its position in shares of Capstar Financial by 124.5% during the 2nd quarter. Arbiter Partners Capital Management LLC now owns 124,672 shares of the bank’s stock worth $1,496,000 after purchasing an additional 69,142 shares in the last quarter. Ranger Investment Management L.P. grew its position in shares of Capstar Financial by 28.9% during the 1st quarter. Ranger Investment Management L.P. now owns 230,645 shares of the bank’s stock worth $2,281,000 after purchasing an additional 51,672 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Capstar Financial by 4.5% during the 1st quarter. BlackRock Inc. now owns 1,165,884 shares of the bank’s stock worth $11,532,000 after purchasing an additional 49,916 shares in the last quarter. Institutional investors and hedge funds own 33.09% of the company’s stock.
Shares of CSTR stock traded up $0.18 on Tuesday, reaching $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 firm’s 50-day moving average is $10.72 and its two-hundred day moving average is $11.09. The firm has a market capitalization of $228.33 million, a price-to-earnings ratio of 9.91 and a beta of 1.07. Capstar Financial has a 12 month low of $7.44 and a 12 month high of $17.48.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors 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 dividend on an annualized basis and a yield of 1.92%. Capstar Financial’s dividend payout ratio (DPR) is currently 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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