Q1 2023 EPS Estimates for CapStar Financial Holdings, Inc. (NASDAQ:CSTR) Reduced by Analyst

Posted by Defense World Staff on Apr 7th, 2023

CapStar Financial Holdings, Inc. (NASDAQ:CSTR – Get Rating) – Stock analysts at DA Davidson reduced their Q1 2023 earnings per share estimates for CapStar Financial in a report issued on Wednesday, April 5th. DA Davidson analyst K. Fitzsimmons now expects that the bank will earn $0.40 per share for the quarter, down from their previous estimate of $0.42. DA Davidson has a “Buy” rating and a $18.50 price objective on the stock. The consensus estimate for CapStar Financial’s current full-year earnings is $1.68 per share. DA Davidson also issued estimates for CapStar Financial’s FY2023 earnings at $1.56 EPS and FY2024 earnings at $1.53 EPS.

CapStar Financial (NASDAQ:CSTR – Get Rating) last posted its quarterly earnings results on Thursday, January 19th. The bank reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). The company had revenue of $31.24 million during the quarter, compared to the consensus estimate of $31.44 million. CapStar Financial had a return on equity of 10.97% and a net margin of 28.37%.

A number of other equities research analysts also recently weighed in on the company. StockNews.com downgraded CapStar Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Janney Montgomery Scott downgraded CapStar Financial from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.50.

CapStar Financial Trading Up 0.8 %

NASDAQ CSTR opened at $14.62 on Thursday. The stock’s 50-day simple moving average is $16.27 and its two-hundred day simple moving average is $17.31. CapStar Financial has a twelve month low of $13.64 and a twelve month high of $22.00. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $315.21 million, a price-to-earnings ratio of 8.26 and a beta of 0.84.

CapStar Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $0.40 annualized dividend and a yield of 2.74%. CapStar Financial’s payout ratio is 22.60%.

Insider Buying and Selling at CapStar Financial

In related news, Director Thomas R. Flynn purchased 9,375 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were purchased at an average cost of $14.98 per share, with a total value of $140,437.50. Following the transaction, the director now directly owns 178,780 shares in the company, valued at approximately $2,678,124.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Thomas R. Flynn acquired 9,375 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average cost of $14.98 per share, for a total transaction of $140,437.50. Following the acquisition, the director now directly owns 178,780 shares in the company, valued at $2,678,124.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas R. Flynn acquired 1,830 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was purchased at an average price of $17.11 per share, with a total value of $31,311.30. Following the completion of the acquisition, the director now owns 169,405 shares in the company, valued at $2,898,519.55. The disclosure for this purchase can be found here. Insiders own 9.21% of the company’s stock.

Institutional Investors Weigh In On CapStar Financial

A number of hedge funds have recently added to or reduced their stakes in CSTR. Dorsey Wright & Associates purchased a new stake in shares of CapStar Financial in the 4th quarter worth $25,000. BNP Paribas Arbitrage SA increased its stake in shares of CapStar Financial by 49.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,065 shares of the bank’s stock worth $99,000 after purchasing an additional 1,678 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of CapStar Financial by 390.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,004 shares of the bank’s stock worth $111,000 after purchasing an additional 4,780 shares in the last quarter. BNP Paribas Arbitrage SNC increased its stake in shares of CapStar Financial by 20.9% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,122 shares of the bank’s stock worth $113,000 after purchasing an additional 1,057 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of CapStar Financial by 16.7% in the 4th quarter. SG Americas Securities LLC now owns 7,089 shares of the bank’s stock worth $125,000 after purchasing an additional 1,013 shares in the last quarter. 45.41% of the stock is currently owned by hedge funds and other institutional investors.

About CapStar Financial

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CapStar Financial Holdings, Inc engages in the operation of traditional banking and other financial services. Its products and services include commercial banking, consumer banking, and wealth management. The company was founded on December 1, 2015 and is headquartered in Nashville, TN.