( ) has been the subject of a significant rise in short interest during the month of march. On March 31, there were 187,100 shorted shares. This is an increase of 10,1% from March 15th's total of 169.900 shares. The days-tocover ratio, based on an average trading volume 70,500 shares is currently 2.7. At the moment, 1.0% shares are shorted.
Analyst Ratings Changes
CSTR has been the subject of several analyst comments. DA Davidson lowered CapStar Financial shares from a buy' rating down to a neutral' and set a price target of $18.50 on the stock. In a research report published on Tuesday, 24th January. Janney Montgomery Scott downgraded shares of CapStar Financial to a "neutral" rating from a "buy" rating. The stock was given a target price of $19.00. In a research note published on Wednesday, 5th April, CapStar Financial shares were downgraded from a "hold" rating to a "sell". Keefe, Bruyette & Woods lowered their price target on CapStar Financial shares from $18.00 down to $16.00 in a report published on Thursday, 4th April. They also set a market perform' rating for the stock. One analyst gave the company a sell recommendation, four others a hold recommendation and one a buy recommendation. During Friday's trading hours, the price of a share fell $1.05 to $13.63. The company's average trading volume is 70,909. 216,574 of its shares were traded, as opposed to the usual volume of 71,909. The fifty-day moving average of the stock is $15.60, and its two hundred day moving is $16.96. CapStar Financial's 52-week low is $13.23, and its 52-week high is $22.00. The company's market cap is $293.84m, with a P/E ratio of 7.70. It also has a beta value of 0.84. The company's debt-to equity ratio is 0.13. Its current ratio is 0.93, and its quick ratio 0.91.
The last time the company released its quarterly results was on January 19, 2019. The bank's earnings per share were $0.47, which was $0.02 below the consensus estimate ($0.02) of $0.49. CapStar Financial reported a net profit margin of 28.37%, and a return of equity of 10.97%. Revenue for the quarter was $31.24m, which is lower than analyst expectations of $31.44m. Analysts on the sell-side predict that CapStar Financial's earnings per share will be 1.64 for this fiscal year.
CapStar Financial: Insider Activities
CapStar Financial Director Thomas R. Flynn purchased 9,375 shares in a transaction on Friday, 10th March. The shares were purchased at a price of $14.98 on average per share with a value of $140.437.50. After the completion of the acquisition, the director owns directly 178,780 company shares, valued at around $2,678,124.40. Thomas R. Flynn, a director at CapStar Financial, purchased 9,375 CapStar Financial shares in a deal on Friday, 10th March. The shares were bought at an average price of $14.98 for each share. This totaled $140,437.50. After the completion of this transaction, the director owns directly 178,780 company shares valued at $2678,124.40. Thomas R. Flynn, a director, also purchased 1,830 CapStar Financial shares in a deal on Thursday, 2nd March. Stock was bought at a price of $17.11 a share for a total of $31,311.30. After the completion of this transaction, the director owns 169 405 shares of stock in the company, valued at $2 898 519.55. Insiders own 9.21%.
Hedge Funds Weigh In On CapStar Financial
Recently, large investors bought and sold shares in the company. Dorsey Wright & Associates purchased a new CapStar Financial position valued at around $25,000 in the fourth quarter. BNP Paribas Arbitrage SA increased its holdings of CapStar Financial by 49.5% during the second quarter. BNP Paribas Arbitrage SA owns 5,065 of the bank’s shares valued at $99,000, after purchasing 1,678 additional shares. Tower Research Capital LLC TRC increased its holdings of CapStar Financial by 390.5% in the third quarter. Tower Research Capital LLC TRC owns 6,004 of the bank’s shares valued at $111,000, after purchasing an additional 4,780 during the period. BNP Paribas Arbitrage SNC increased its holdings of CapStar Financial by 20,9% in the third-quarter. BNP Paribas Arbitrage SNC owns 6,122 of the bank’s shares valued at $113,000, after purchasing an additional 1,057 during the period. SG Americas Securities increased its CapStar Financial stake by 16.7% during the fourth quarter. SG Americas Securities LLC owns 7,089 of the bank stock, valued at $125,000, after buying an additional 1,013 in the last quarter. Institutional investors and hedge fund currently own 45.41%.
About CapStar Financial
CapStar Financial Holdings, Inc. is engaged in traditional banking services and other financial service. The company's services and products include consumer banking, commercial banking, and wealth-management. The company was established on December 1, 2015. Its headquarters is in Nashville, TN.
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