Capstar Financial Holdings Inc (NASDAQ:CSTR) Expected to Post Earnings of $0.15 Per Share

Equities research analysts expect Capstar Financial Holdings Inc (NASDAQ:CSTR) to announce earnings of $0.15 per share for the current quarter, according to Zacks. Four analysts have made estimates for Capstar Financial’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.25. Capstar Financial posted earnings per share of $0.38 during the same quarter last year, which would suggest a negative year-over-year growth rate of 60.5%. The company is scheduled to announce its next earnings report on Thursday, July 23rd.

On average, analysts expect that Capstar Financial will report full-year earnings of $0.73 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.81. For the next financial year, analysts anticipate that the firm will report earnings of $1.03 per share, with EPS estimates ranging from $0.77 to $1.14. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Capstar Financial.

Capstar Financial (NASDAQ:CSTR) last issued its earnings results on Monday, April 27th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.17). The firm had revenue of $22.54 million for the quarter, compared to analysts’ expectations of $21.93 million. Capstar Financial had a return on equity of 7.69% and a net margin of 16.41%.

CSTR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Capstar Financial from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Wednesday. SunTrust Banks boosted their price target on Capstar Financial from $12.00 to $13.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. ValuEngine downgraded Capstar Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Finally, Raymond James lowered their price target on Capstar Financial from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.20.

Shares of NASDAQ CSTR traded down $0.70 during trading on Wednesday, reaching $11.30. The stock had a trading volume of 29,120 shares, compared to its average volume of 54,418. Capstar Financial has a one year low of $7.44 and a one year high of $17.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.97. The stock has a market cap of $209.07 million, a PE ratio of 11.08 and a beta of 1.20. The firm’s 50 day moving average price is $11.36 and its two-hundred day moving average price is $12.82.

In related news, Director Dennis Bottorff acquired 4,380 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $11.37 per share, for a total transaction of $49,800.60. Following the purchase, the director now directly owns 300,058 shares in the company, valued at $3,411,659.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 13.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CSTR. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Capstar Financial in the fourth quarter worth $288,000. BlackRock Inc. increased its position in Capstar Financial by 4.5% during the 1st quarter. BlackRock Inc. now owns 1,165,884 shares of the bank’s stock valued at $11,532,000 after purchasing an additional 49,916 shares during the period. Private Capital Management LLC purchased a new position in Capstar Financial during the 1st quarter valued at about $1,517,000. Martingale Asset Management L P grew its position in shares of Capstar Financial by 22.1% in the 1st quarter. Martingale Asset Management L P now owns 109,037 shares of the bank’s stock worth $1,079,000 after buying an additional 19,700 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Capstar Financial by 94.4% in the 1st quarter. JPMorgan Chase & Co. now owns 86,730 shares of the bank’s stock worth $858,000 after buying an additional 42,114 shares during the last quarter. Hedge funds and other institutional investors own 35.58% of the company’s stock.

Capstar Financial Company Profile

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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Earnings History and Estimates for Capstar Financial (NASDAQ:CSTR)

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