AM Investment Strategies LLC Decreases Stake in CapStar Financial Holdings, Inc. (NASDAQ:CSTR)

AM Investment Strategies LLC lowered its holdings in CapStar Financial Holdings, Inc. (NASDAQ:CSTR) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,566 shares of the bank’s stock after selling 5,000 shares during the quarter. AM Investment Strategies LLC’s holdings in CapStar Financial were worth $1,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in CapStar Financial during the third quarter valued at $119,000. Exchange Traded Concepts LLC acquired a new stake in CapStar Financial during the fourth quarter valued at $392,000. Cambridge Investment Research Advisors Inc. grew its position in CapStar Financial by 9.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,785 shares of the bank’s stock valued at $494,000 after buying an additional 2,974 shares during the period. Kennedy Capital Management LLC acquired a new stake in CapStar Financial during the third quarter valued at $883,000. Finally, North Reef Capital Management LP acquired a new stake in CapStar Financial during the third quarter valued at $1,347,000. Institutional investors and hedge funds own 52.22% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of CapStar Financial in a research report on Monday. They set a “hold” rating on the stock.

CapStar Financial Price Performance

CSTR stock remained flat at $20.10 during midday trading on Thursday. 172 shares of the company traded hands, compared to its average volume of 100,585. The firm has a market capitalization of $418.36 million, a price-to-earnings ratio of 14.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.95 and a current ratio of 0.96. The company’s fifty day moving average is $19.42 and its two-hundred day moving average is $17.94. CapStar Financial Holdings, Inc. has a 52 week low of $11.22 and a 52 week high of $20.20.

CapStar Financial (NASDAQ:CSTR) last announced its earnings results on Tuesday, March 12th. The bank reported $0.31 earnings per share (EPS) for the quarter. CapStar Financial had a net margin of 16.17% and a return on equity of 8.46%. The business had revenue of $27.11 million for the quarter. On average, research analysts predict that CapStar Financial Holdings, Inc. will post 1.42 earnings per share for the current year.

CapStar Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a $0.11 dividend. This is a positive change from CapStar Financial’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.44 annualized dividend and a dividend yield of 2.19%. CapStar Financial’s dividend payout ratio (DPR) is 31.21%.

About CapStar Financial

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking and other financial services to individuals and corporate customers in Tennessee, the United States. It offers noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; mortgage banking products; and wealth management and treasury management services.