Emerald Mutual Fund Advisers Trust maintained its stake in shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,000 shares of the bank’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust owned approximately 1.11% of Capstar Financial Holdings worth $2,218,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN acquired a new stake in shares of Capstar Financial Holdings during the first quarter valued at about $135,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Capstar Financial Holdings by 52.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,459 shares of the bank’s stock valued at $295,000 after buying an additional 5,350 shares during the period. Shayne & CO. LLC purchased a new position in Capstar Financial Holdings during the second quarter worth $355,000. Goldman Sachs Group Inc. purchased a new position in Capstar Financial Holdings during the first quarter worth $529,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Capstar Financial Holdings during the first quarter worth $572,000. Institutional investors own 38.16% of the company’s stock.
Shares of Capstar Financial Holdings Inc. (NASDAQ:CSTR) opened at 17.01 on Friday. Capstar Financial Holdings Inc. has a 1-year low of $15.50 and a 1-year high of $22.35. The stock has a market cap of $191.21 million and a P/E ratio of 96.10. The company’s 50-day moving average is $17.59 and its 200-day moving average is $18.41.
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CSTR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Capstar Financial Holdings from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, July 3rd. Sandler O’Neill upgraded shares of Capstar Financial Holdings from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Monday, May 15th. Finally, Stephens reissued a “hold” rating on shares of Capstar Financial Holdings in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Capstar Financial Holdings has a consensus rating of “Hold” and a consensus price target of $19.20.
In other news, Director Dale W. Polley acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of $16.99 per share, with a total value of $50,970.00. Following the purchase, the director now owns 5,704 shares of the company’s stock, valued at $96,910.96. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen Buford Smith bought 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $17.90 per share, for a total transaction of $161,100.00. Following the completion of the acquisition, the director now directly owns 766 shares in the company, valued at $13,711.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,000 shares of company stock worth $246,070 in the last ninety days. 19.28% of the stock is owned by company insiders.
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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