Dimensional Fund Advisors LP recently announced the acquisition of new stake in CapStar Financial Holdings Inc. (NASDAQ:CSTR). The institutional investor has increased its shareholding in the Financial company by 6.10% to 0.66 million shares with purchase of 37868.0 shares. This fresh investment now brings its stake to 3.01% valued currently at $11.63 million. In addition, JPMorgan Investment Management, I raised its holdings by 0.26 million to 0.48 million shares. And Geode Capital Management LLC has lifted its position by 0.27% or 952.0 shares – to 0.35 million shares.
With over 98551.0 CapStar Financial Holdings Inc. (CSTR) shares trading Tuesday and a closing price of $16.80 on the day, the dollar volume was approximately $1.66 million. The shares have shown a negative half year performance of -17.85% and its price on 01/24/23 lost nearly -1.81%. Currently, there are 21.94M common shares owned by the public and among those 18.45M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for CSTR have a consensus price objective of $19.25. The analysts have set the share’s price value over the next 12 months at a high of $22.50 and a low of $17.50. The average price target is 15.28% above its recent price level and an upside to the estimated low will see the stock gain 4.0% over that period. But an upside of 25.33% will see the stock hit the forecast high price target while median target price for the stock is $18.75.
Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 44,030 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 11,450 shares.
The top 3 mutual fund holders in CapStar Financial Holdings Inc. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 0.5 million shares of the company’s stock, all valued at over $8.86 million. iShares Russell 2000 ETF sold 5124.0 shares to see its total holdings shrink to 0.49 million shares valued at over $8.62 million and representing 2.23% of the shares outstanding. Vanguard Extended Market Index Fu sold 488.0 shares to bring its total holdings to over 0.25 million shares at a value of $4.47 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.15% of the shares outstanding.
Shares of CapStar Financial Holdings Inc. (NASDAQ: CSTR) opened at $16.35, down -$0.76 from a prior closing price of $17.11. However, the script later moved the day high at 16.85, down -1.81%. The company’s stock has a 5-day price change of -7.69% and -7.74% over the past three months. CSTR shares are trading -4.87% year to date (YTD), with the 12-month market performance down to -21.53% lower. It has a 12-month low price of $15.71 and touched a high of $22.17 over the same period. CSTR has an average intraday trading volume of 61.11K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.19%, -4.71%, and -12.88% respectively.
Institutional ownership of CapStar Financial Holdings Inc. (NASDAQ: CSTR) shares accounts for 47.00% of the company’s 21.94M shares outstanding. Mutual fund holders own 25.36%, while other institutional holders and individual stakeholders account for 25.93% and 20.34% respectively.
It has a market capitalization of $379.18M and a beta (3y monthly) value of 0.88. The stock’s trailing 12-month PE ratio is 9.04, while the earnings-per-share (ttm) stands at $1.86. The company has a debt-to-equity ratio at 0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.16% over the week and 2.23% over the month.
Analysts forecast that CapStar Financial Holdings Inc. (CSTR) will achieve an EPS of $0.49 for the current quarter, $0.46 for the next quarter and $1.91 for 2023. The lowest estimate earnings-per-share for the quarter is $0.47 while analysts give the company a high EPS estimate of $0.51. Comparatively, EPS for the current quarter was $0.56 a year ago. Earnings per share for the fiscal year are expected to increase by 79.40%, and -3.05% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate CapStar Financial Holdings Inc. (CSTR) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 5 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CSTR, a number of firms have released research notes about the stock. Janney stated their Neutral rating for the stock in a research note on January 24, 2023, with the firm’s price target at $19. DA Davidson coverage for the CapStar Financial Holdings Inc. (CSTR) stock in a research note released on January 24, 2023 offered a Neutral rating with a price target of $18.50. Piper Sandler was of a view on October 24, 2022 that the stock is Neutral, while Keefe Bruyette gave the stock Mkt Perform rating on October 24, 2022, issuing a price target of $26- $20. Raymond James on their part issued Mkt Perform rating on July 07, 2022.