Capstar Financial Holdings Inc. (NASDAQ:CSTR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday, October 2nd.

According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers baking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “

A number of other analysts have also recently weighed in on CSTR. ValuEngine cut Capstar Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Sandler O’Neill cut Capstar Financial Holdings from a “buy” rating to a “hold” rating and lowered their price target for the company from $21.00 to $19.00 in a research report on Tuesday, August 1st. Finally, Stephens set a $17.00 price target on Capstar Financial Holdings and gave the company a “hold” rating in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.50.

Shares of Capstar Financial Holdings (NASDAQ CSTR) opened at 21.17 on Monday. The firm has a 50-day moving average price of $19.40 and a 200-day moving average price of $19.40. Capstar Financial Holdings has a 1-year low of $15.90 and a 1-year high of $22.35. The company has a market capitalization of $240.19 million and a PE ratio of 63.01.

Capstar Financial Holdings (NASDAQ:CSTR) last released its quarterly earnings data on Monday, October 16th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12. Capstar Financial Holdings had a return on equity of 9.27% and a net margin of 7.05%. The business had revenue of $14.22 million for the quarter, compared to analysts’ expectations of $13.56 million. During the same period in the previous year, the business posted $0.20 earnings per share. Equities analysts anticipate that Capstar Financial Holdings will post $0.37 earnings per share for the current year.

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In related news, major shareholder Gaylon M. Jr. Lawrence purchased 21,208 shares of the stock in a transaction on Monday, October 16th. The shares were purchased at an average cost of $20.38 per share, for a total transaction of $432,219.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher G. Tietz purchased 2,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was bought at an average price of $17.00 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the insider now directly owns 5,100 shares of the company’s stock, valued at $86,700. The disclosure for this purchase can be found here. Insiders acquired 26,208 shares of company stock worth $517,189 over the last quarter. Company insiders own 19.28% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Banc Funds Co. LLC grew its holdings in shares of Capstar Financial Holdings by 4.3% during the second quarter. Banc Funds Co. LLC now owns 323,300 shares of the bank’s stock worth $5,735,000 after purchasing an additional 13,300 shares during the last quarter. Penn Capital Management Co. Inc. grew its holdings in shares of Capstar Financial Holdings by 1.1% during the second quarter. Penn Capital Management Co. Inc. now owns 218,333 shares of the bank’s stock worth $3,873,000 after purchasing an additional 2,424 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. grew its holdings in shares of Capstar Financial Holdings by 88.3% during the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 207,472 shares of the bank’s stock worth $3,957,000 after purchasing an additional 97,272 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Capstar Financial Holdings by 1.0% during the first quarter. Wellington Management Group LLP now owns 183,206 shares of the bank’s stock worth $3,494,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Foresters Investment Management Company Inc. grew its holdings in shares of Capstar Financial Holdings by 0.5% during the first quarter. Foresters Investment Management Company Inc. now owns 100,500 shares of the bank’s stock worth $1,917,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 35.44% of the company’s stock.

Capstar Financial Holdings Company Profile

CapStar Financial Holdings, Inc is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking.

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Analyst Recommendations for Capstar Financial Holdings (NASDAQ:CSTR)

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