CapStar Financial (NASDAQ:CSTR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of CapStar Financial (NASDAQ:CSTRFree Report) in a research note published on Saturday. The firm issued a hold rating on the bank’s stock.

CapStar Financial Price Performance

Shares of NASDAQ CSTR opened at $18.09 on Friday. The stock has a market capitalization of $374.64 million, a price-to-earnings ratio of 11.52 and a beta of 0.79. The business has a 50-day moving average of $18.35 and a 200-day moving average of $16.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.95 and a quick ratio of 0.94. CapStar Financial has a fifty-two week low of $11.22 and a fifty-two week high of $19.47.

CapStar Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th will be paid a $0.11 dividend. This is an increase from CapStar Financial’s previous quarterly dividend of $0.04. This represents a $0.44 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Tuesday, February 6th. CapStar Financial’s dividend payout ratio (DPR) is 28.03%.

Institutional Investors Weigh In On CapStar Financial

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in CapStar Financial by 156.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the bank’s stock worth $26,000 after acquiring an additional 1,288 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in CapStar Financial during the fourth quarter worth approximately $42,000. Citigroup Inc. lifted its position in CapStar Financial by 41,800.0% during the second quarter. Citigroup Inc. now owns 5,866 shares of the bank’s stock worth $72,000 after acquiring an additional 5,852 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in CapStar Financial by 49.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,065 shares of the bank’s stock worth $99,000 after acquiring an additional 1,678 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its position in CapStar Financial by 20.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 6,122 shares of the bank’s stock worth $113,000 after acquiring an additional 1,057 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

About CapStar Financial

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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 noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; and mortgage banking products, as well as wealth management and treasury management services.

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