Capstar Financial Holdings Inc. (CSTR) Upgraded to “Hold” by Zacks Investment Research

Capstar Financial Holdings Inc. (NASDAQ:CSTR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers baking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “

A number of other equities analysts have also recently issued reports on the stock. Sandler O’Neill raised shares of Capstar Financial Holdings from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, May 15th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 target price on shares of Capstar Financial Holdings in a report on Thursday, March 16th. Finally, Stephens restated a “hold” rating on shares of Capstar Financial Holdings in a research note on Thursday, April 27th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Capstar Financial Holdings presently has a consensus rating of “Hold” and a consensus target price of $20.75.

Analyst Recommendations for Capstar Financial Holdings (NASDAQ:CSTR)

Shares of Capstar Financial Holdings (CSTR) traded down 6.45% during trading on Friday, reaching $17.55. The company had a trading volume of 108,320 shares. Capstar Financial Holdings has a 52-week low of $15.50 and a 52-week high of $22.35. The stock has a 50 day moving average of $17.83 and a 200 day moving average of $19.15. The stock has a market capitalization of $196.96 million and a price-to-earnings ratio of 26.19.

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Several large investors have recently made changes to their positions in CSTR. Goldman Sachs Group Inc. purchased a new stake in shares of Capstar Financial Holdings during the first quarter valued at approximately $529,000. Ranger Investment Management L.P. raised its stake in shares of Capstar Financial Holdings by 17.2% in the first quarter. Ranger Investment Management L.P. now owns 94,011 shares of the bank’s stock valued at $1,793,000 after buying an additional 13,821 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Capstar Financial Holdings by 85.1% in the first quarter. Geode Capital Management LLC now owns 22,316 shares of the bank’s stock valued at $425,000 after buying an additional 10,259 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Capstar Financial Holdings by 184.6% in the first quarter. Vanguard Group Inc. now owns 63,718 shares of the bank’s stock valued at $1,215,000 after buying an additional 41,326 shares during the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in shares of Capstar Financial Holdings by 0.5% in the first quarter. Foresters Investment Management Company Inc. now owns 100,500 shares of the bank’s stock valued at $1,917,000 after buying an additional 500 shares during the last quarter. Institutional investors own 38.01% of the company’s stock.

Capstar Financial Holdings Company Profile

CapStar Financial Holdings, Inc is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking.

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