CapStar Financial Holdings (CSTR) Receives $19.00 Consensus Target Price from Analysts
CapStar Financial Holdings (NASDAQ:CSTR) has been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.00.
A number of research firms have recently issued reports on CSTR. Zacks Investment Research raised shares of CapStar Financial from a “sell” rating to a “hold” rating in a report on Friday, April 6th. ValuEngine lowered shares of CapStar Financial from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Sandler O’Neill set a $20.00 target price on shares of CapStar Financial and gave the stock a “hold” rating in a report on Wednesday, March 28th. Finally, Stephens raised shares of CapStar Financial from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 8th.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of CapStar Financial by 1.0% in the fourth quarter. BlackRock Inc. now owns 388,842 shares of the bank’s stock valued at $8,077,000 after purchasing an additional 3,682 shares during the period. Ranger Investment Management L.P. grew its holdings in shares of CapStar Financial by 6.8% in the fourth quarter. Ranger Investment Management L.P. now owns 147,911 shares of the bank’s stock valued at $3,072,000 after purchasing an additional 9,470 shares during the period. Vanguard Group Inc. grew its holdings in shares of CapStar Financial by 26.3% in the second quarter. Vanguard Group Inc. now owns 80,470 shares of the bank’s stock valued at $1,428,000 after purchasing an additional 16,752 shares during the period. State Street Corp grew its holdings in shares of CapStar Financial by 84.9% in the second quarter. State Street Corp now owns 73,650 shares of the bank’s stock valued at $1,308,000 after purchasing an additional 33,826 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of CapStar Financial by 22.9% in the third quarter. Russell Investments Group Ltd. now owns 47,405 shares of the bank’s stock valued at $928,000 after purchasing an additional 8,819 shares during the period. 35.10% of the stock is owned by hedge funds and other institutional investors.
CapStar Financial (NASDAQ:CSTR) last released its earnings results on Thursday, January 25th. The bank reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. CapStar Financial had a net margin of 2.40% and a return on equity of 9.66%. The business had revenue of $13.25 million during the quarter, compared to analyst estimates of $13.82 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. research analysts anticipate that CapStar Financial will post 1.1 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “CapStar Financial Holdings (CSTR) Receives $19.00 Consensus Target Price from Analysts” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.dailypolitical.com/2018/04/17/capstar-financial-holdings-cstr-receives-19-00-consensus-target-price-from-analysts.html.
About CapStar Financial
CapStar Financial Holdings, Inc operates as a bank holding company of CapStar Bank. Its products and services include: commercial and industrial loans to small and medium sized businesses; commercial real estate loans; private banking and wealth management services; and correspondent banking services.
Receive News & Ratings for CapStar Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CapStar Financial and related companies with MarketBeat.com's FREE daily email newsletter.