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. Its deposit products and services include demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products. The company also provides commercial and consumer real estate, construction and land development, commercial and industrial, consumer, PPP, and other loans. In addition, it offers mortgage banking products and services; private banking and wealth management services for the owners and operators of business clients and other high net worth individuals; and correspondent banking services to community banks. Further, the company provides telephone and online banking, direct deposit, mobile banking, safe deposit box, remote deposit, and cash management services for individuals, and small and medium sized businesses. CapStar Financial Holdings, Inc. was founded in 2007 and is headquartered in Nashville, Tennessee.
CapStar Financial Stock Up 0.3 %
Shares of CSTR Stock traded up $0.07 on Friday, hitting $21.12. The stock had a trading volume of 31,187 shares, compared to its average volume of 43,262. The stock has a market cap of $466.12 million, a price-to-earnings ratio of 10.15 and a beta of 0.95. The business has a 50 day moving average of $20.14 and a 200 day moving average of $20.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.87. CapStar Financial has a 12-month low of $18.63 and a 12-month high of $22.74.
CapStar Financial (NASDAQ:CSTR - Get Rating) last released its quarterly earnings results on Thursday, July 21st. The bank reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.02). CapStar Financial had a net margin of 33.89% and a return on equity of 12.39%. During the same quarter in the prior year, the firm posted $0.55 earnings per share. As a group, analysts expect that CapStar Financial will post 1.94 EPS for the current year.
CapStar Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, August 9th. CapStar Financial's payout ratio is 19.23%.
Analyst Upgrades and Downgrades
CSTR has been the subject of several research analyst reports. StockNews.com downgraded CapStar Financial from a "buy" rating to a "hold" rating in a research note on Monday, April 25th. Raymond James downgraded shares of CapStar Financial from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 7th. Finally, Truist Financial cut their target price on shares of CapStar Financial from $23.00 to $22.00 in a research report on Wednesday, June 15th.