Zacks Investment Research upgrades CapStar Financial (NASDAQ: CSTR) to buy

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CapStar Financial (NASDAQ:CSTR – Get a Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released Thursday, Zacks.com reports. The company currently has a $23.00 price target on the bank’s stock. Zacks Investment Research’s price target points to a potential upside of 14.14% from the stock’s previous close.

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

A number of other analysts have also weighed in on the company recently. StockNews.com upgraded CapStar Financial from a “buy” to a “hold” rating in a Monday, April 25 research report. DA Davidson began covering CapStar Financial in a research report on Wednesday, January 12. They set a “buy” rating and a price target of $26.00 for the company. One research analyst gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat, CapStar Financial has a consensus rating of “Buy” and an average target price of $24.00.

CapStar Financial stock opened Thursday at $20.15. CapStar Financial has a 12-month low of $18.30 and a 12-month high of $23.00. The stock has a 50-day moving average of $21.07 and a 200-day moving average of $21.32. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt ratio of 0.08. The stock has a market capitalization of $447.85 million, a price-earnings ratio of 9.29 and a beta of 1.02.

CapStar Financial (NASDAQ:CSTR – Get Rating) last released its quarterly earnings data on Thursday, April 21. The bank reported earnings per share of $0.48 for the quarter, beating analysts’ consensus estimate of $0.44 by $0.04. CapStar Financial had a return on equity of 13.46% and a net margin of 34.49%. In the same quarter a year earlier, the company posted earnings per share of $0.50. Stock analysts predict that CapStar Financial will post 1.89 earnings per share for the current year.

Institutional investors and hedge funds have recently been buying and selling shares of the company. Stieven Capital Advisors LP acquired a new stake in shares of CapStar Financial in Q3 valued at approximately $3,902,000. Los Angeles Capital Management LLC bought a new position in CapStar Financial in Q4, valued at around $335,000. Voya Investment Management LLC increased its stake in CapStar Financial by 822.8% in the third quarter. Voya Investment Management LLC now owns 143,570 shares of the bank valued at $3,049,000 after buying an additional 128,012 shares last quarter. Woodmont Investment Counsel LLC bought a new position in CapStar Financial in Q4 worth approximately $589,000. Finally, BlackRock Inc. increased its stake in CapStar Financial by 2.0% in the 3rd quarter. BlackRock Inc. now owns 1,449,579 shares of the bank valued at $30,790,000 after purchasing an additional 28,956 shares last quarter. 43.49% of the shares are held by institutional investors and hedge funds.

About CapStar Financial (Get a rating)

CapStar Financial Holdings, Inc operates as a bank holding company for CapStar Bank which provides consumer and business banking services located primarily in Tennessee, USA. Its deposit products and services include demand deposits, interest-bearing transaction accounts, money market accounts, term and savings deposits, certificates of deposit and CDARS reciprocal products.

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