Brokerages Set Capstar Financial Holdings Inc. (NASDAQ:CSTR) Target Price at $19.50
Capstar Financial Holdings Inc. (NASDAQ:CSTR) has been assigned an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $19.50.
CSTR has been the subject of a number of recent research reports. Sandler O’Neill raised shares of Capstar Financial Holdings from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Monday, May 15th. Zacks Investment Research cut shares of Capstar Financial Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 1st. Finally, Stephens reissued a “hold” rating on shares of Capstar Financial Holdings in a research note on Thursday, April 27th.
Shares of Capstar Financial Holdings (CSTR) traded down 0.71% on Friday, hitting $16.89. The stock had a trading volume of 11,621 shares. The company’s 50 day moving average is $18.14 and its 200 day moving average is $18.63. Capstar Financial Holdings has a one year low of $15.50 and a one year high of $22.35. The stock has a market cap of $189.86 million and a PE ratio of 95.42.
In other news, insider Christopher G. Tietz bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased 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 owns 5,100 shares in the company, valued at $86,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen Buford Smith bought 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average price of $17.90 per share, for a total transaction of $161,100.00. Following the transaction, the director now owns 766 shares of the company’s stock, valued at approximately $13,711.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 14,000 shares of company stock worth $246,070. 19.28% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN purchased a new stake in shares of Capstar Financial Holdings during the first quarter worth about $135,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Capstar Financial Holdings during the second quarter worth about $268,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Capstar Financial Holdings by 52.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,459 shares of the bank’s stock worth $295,000 after buying an additional 5,350 shares during the period. Shayne & CO. LLC purchased a new stake in shares of Capstar Financial Holdings during the second quarter worth about $355,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Capstar Financial Holdings during the second quarter worth about $380,000. Hedge funds and other institutional investors own 37.83% 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.
Receive News & Ratings for Capstar Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstar Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.