Rhumbline Advisers Buys Shares of 10,858 Capstar Financial Holdings Inc (NASDAQ:CSTR)

Rhumbline Advisers purchased a new position in shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,858 shares of the bank’s stock, valued at approximately $160,000. Rhumbline Advisers owned 0.06% of Capstar Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Capstar Financial by 34.2% in the third quarter. Dimensional Fund Advisors LP now owns 127,869 shares of the bank’s stock valued at $2,135,000 after acquiring an additional 32,610 shares during the last quarter. Woodmont Investment Counsel LLC lifted its stake in Capstar Financial by 180.0% in the third quarter. Woodmont Investment Counsel LLC now owns 28,000 shares of the bank’s stock valued at $468,000 after acquiring an additional 18,000 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Capstar Financial in the third quarter valued at approximately $214,000. Martingale Asset Management L P acquired a new stake in Capstar Financial in the third quarter valued at approximately $201,000. Finally, Penn Capital Management Co. Inc. lifted its stake in Capstar Financial by 4.6% in the third quarter. Penn Capital Management Co. Inc. now owns 185,713 shares of the bank’s stock valued at $3,101,000 after acquiring an additional 8,130 shares during the last quarter. Institutional investors and hedge funds own 26.21% of the company’s stock.

NASDAQ CSTR traded down $0.21 on Friday, hitting $15.57. 20,427 shares of the company were exchanged, compared to its average volume of 53,537. The company has a market cap of $277.94 million, a price-to-earnings ratio of 13.08 and a beta of 0.96. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. Capstar Financial Holdings Inc has a 1-year low of $13.51 and a 1-year high of $20.87.

Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Thursday, January 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. Capstar Financial had a net margin of 11.60% and a return on equity of 9.71%. The business had revenue of $24.10 million for the quarter, compared to the consensus estimate of $19.60 million. On average, equities analysts expect that Capstar Financial Holdings Inc will post 1.25 earnings per share for the current year.

In other Capstar Financial news, Director Thomas R. Flynn bought 3,700 shares of the business’s stock in a transaction on Monday, February 11th. The shares were bought at an average cost of $16.20 per share, for a total transaction of $59,940.00. Following the transaction, the director now owns 936 shares in the company, valued at approximately $15,163.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 13.60% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Capstar Financial from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine lowered shares of Capstar Financial from a “sell” rating to a “strong sell” rating in a report on Monday, March 25th. BidaskClub downgraded shares of Capstar Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. Finally, Compass Point downgraded shares of Capstar Financial from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Capstar Financial presently has an average rating of “Hold” and an average target price of $18.00.

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About Capstar Financial

CapStar Financial Holdings, Inc operates as the holding company for CapStar Bank that provides commercial banking services to consumer and corporate customers located primarily in Davidson, Sumner, Williamson, and the surrounding counties 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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Institutional Ownership by Quarter for Capstar Financial (NASDAQ:CSTR)

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