Sandler O’Neill Downgrades Capstar Financial (NASDAQ:CSTR) to Hold

Sandler O’Neill downgraded shares of Capstar Financial (NASDAQ:CSTR) from a buy rating to a hold rating in a research note released on Wednesday, June 26th, BenzingaRatingsTable reports. Sandler O’Neill currently has $16.00 price objective on the bank’s stock.

Several other analysts also recently weighed in on the company. ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. Zacks Investment Research raised Hanmi Financial from a sell rating to a hold rating in a report on Thursday, June 20th. BidaskClub cut Virtu Financial from a sell rating to a strong sell rating in a report on Wednesday, June 12th. Finally, Stephens reaffirmed a hold rating and issued a $17.00 price target on shares of Capstar Financial in a report on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $16.80.

Shares of NASDAQ:CSTR traded down $0.02 on Wednesday, reaching $14.84. The company had a trading volume of 38,060 shares, compared to its average volume of 40,618. Capstar Financial has a 52-week low of $13.51 and a 52-week high of $19.67. The business has a 50 day moving average of $15.25. The firm has a market capitalization of $266.41 million, a price-to-earnings ratio of 12.47 and a beta of 0.89. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 0.29.

Capstar Financial (NASDAQ:CSTR) last announced its earnings results on Wednesday, April 24th. The bank reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The business had revenue of $21.74 million for the quarter, compared to analysts’ expectations of $22.20 million. Capstar Financial had a return on equity of 9.39% and a net margin of 11.94%. As a group, equities analysts expect that Capstar Financial will post 1.22 EPS for the current year.

Several institutional investors have recently made changes to their positions in CSTR. Nalls Sherbakoff Group LLC acquired a new position in shares of Capstar Financial during the fourth quarter valued at approximately $2,264,000. Context BH Capital Management LP purchased a new position in shares of Capstar Financial during the 4th quarter worth $2,204,000. Foresters Investment Management Company Inc. raised its holdings in shares of Capstar Financial by 32.3% during the 4th quarter. Foresters Investment Management Company Inc. now owns 346,400 shares of the bank’s stock worth $5,102,000 after acquiring an additional 84,500 shares during the period. Ranger Investment Management L.P. boosted its position in shares of Capstar Financial by 25.9% during the 4th quarter. Ranger Investment Management L.P. now owns 327,680 shares of the bank’s stock valued at $4,827,000 after acquiring an additional 67,445 shares during the last quarter. Finally, Raymond James & Associates purchased a new stake in shares of Capstar Financial in the fourth quarter valued at about $953,000. 27.67% of the stock is owned by institutional investors and hedge funds.

About Capstar Financial

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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