Public Employees Retirement System of Ohio lifted its position in shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) by 148.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,889 shares of the bank’s stock after purchasing an additional 4,714 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Capstar Financial were worth $95,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of CSTR. Private Capital Management LLC acquired a new position in shares of Capstar Financial during the first quarter worth approximately $1,517,000. Arbiter Partners Capital Management LLC raised its position in shares of Capstar Financial by 124.5% during the second quarter. Arbiter Partners Capital Management LLC now owns 124,672 shares of the bank’s stock worth $1,496,000 after purchasing an additional 69,142 shares during the period. Ranger Investment Management L.P. raised its position in shares of Capstar Financial by 28.9% during the first quarter. Ranger Investment Management L.P. now owns 230,645 shares of the bank’s stock worth $2,281,000 after purchasing an additional 51,672 shares during the period. BlackRock Inc. raised its position in Capstar Financial by 4.5% in the 1st quarter. BlackRock Inc. now owns 1,165,884 shares of the bank’s stock valued at $11,532,000 after buying an additional 49,916 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Capstar Financial by 32.9% in the 1st quarter. Acadian Asset Management LLC now owns 172,237 shares of the bank’s stock valued at $1,703,000 after buying an additional 42,632 shares during the last quarter. 33.09% of the stock is currently owned by institutional investors.
A number of research firms recently commented on CSTR. SunTrust Banks lowered their price target on Capstar Financial from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, July 28th. ValuEngine lowered Capstar Financial from a “hold” rating to a “sell” rating in a research report on Friday, July 24th. Finally, Zacks Investment Research raised Capstar Financial from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Capstar Financial currently has a consensus rating of “Hold” and a consensus target price of $11.33.
Shares of Capstar Financial stock opened at $9.03 on Monday. Capstar Financial Holdings Inc has a 1 year low of $7.44 and a 1 year high of $17.48. The firm has a market cap of $198.06 million, a PE ratio of 8.60 and a beta of 1.07. The stock has a fifty day moving average price of $10.48 and a 200-day moving average price of $10.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.99 and a quick ratio of 0.93.
Capstar Financial (NASDAQ:CSTR) last announced its earnings results on Friday, July 24th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.20. Capstar Financial had a return on equity of 7.36% and a net margin of 16.58%. The firm had revenue of $28.50 million during the quarter, compared to analyst estimates of $23.20 million. As a group, equities analysts anticipate that Capstar Financial Holdings Inc will post 0.97 EPS for the current fiscal year.
About Capstar Financial
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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