Raymond James & Associates Invests $953,000 in Capstar Financial Holdings Inc (NASDAQ:CSTR)

Raymond James & Associates purchased a new stake in Capstar Financial Holdings Inc (NASDAQ:CSTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 64,678 shares of the bank’s stock, valued at approximately $953,000. Raymond James & Associates owned 0.37% of Capstar Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSTR. Vanguard Group Inc boosted its holdings in Capstar Financial by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 300,773 shares of the bank’s stock worth $5,023,000 after acquiring an additional 3,318 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Capstar Financial by 34.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 127,869 shares of the bank’s stock worth $2,135,000 after acquiring an additional 32,610 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Capstar Financial during the 3rd quarter worth $214,000. Woodmont Investment Counsel LLC boosted its holdings in Capstar Financial by 180.0% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 28,000 shares of the bank’s stock worth $468,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new position in Capstar Financial during the 3rd quarter worth $201,000. 26.21% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on CSTR. Zacks Investment Research downgraded shares of Capstar Financial from a “buy” rating to a “hold” rating in a report on Thursday, March 28th. ValuEngine downgraded shares of Capstar Financial from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 22nd. BidaskClub downgraded shares of Capstar Financial from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Finally, Compass Point downgraded shares of Capstar Financial from a “neutral” rating to a “sell” rating in a report on Tuesday, January 8th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Capstar Financial currently has an average rating of “Hold” and an average target price of $18.00.

In other Capstar Financial news, Director Thomas R. Flynn bought 3,700 shares of the stock in a transaction dated 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 purchase, the director now directly owns 936 shares of the company’s stock, valued at approximately $15,163.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 13.60% of the company’s stock.

Shares of NASDAQ CSTR traded up $0.05 during mid-day trading on Wednesday, reaching $15.63. 12,167 shares of the company’s stock were exchanged, compared to its average volume of 33,156. The stock has a market capitalization of $279.01 million, a price-to-earnings ratio of 13.13 and a beta of 0.96. Capstar Financial Holdings Inc has a 52 week low of $13.51 and a 52 week high of $20.87. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.97.

Capstar Financial (NASDAQ:CSTR) last released its earnings results on Thursday, January 24th. The bank reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. The company had revenue of $24.10 million for the quarter, compared to analysts’ expectations of $19.60 million. Capstar Financial had a return on equity of 9.71% and a net margin of 11.60%. Research analysts expect that Capstar Financial Holdings Inc will post 1.25 EPS for the current fiscal year.

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Capstar Financial Company Profile

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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