Capstar Financial Holdings Inc (NASDAQ:CSTR) Short Interest Up 115.9% in November

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Capstar Financial Holdings Inc (NASDAQ:CSTR) was the recipient of a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 152,200 shares, a growth of 115.9% from the November 14th total of 70,500 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 92,800 shares, the days-to-cover ratio is currently 1.6 days.

In related news, Director Julie D. Frist sold 2,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $16.78, for a total transaction of $33,560.00. Following the transaction, the director now directly owns 226,271 shares in the company, valued at $3,796,827.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of CSTR. JPMorgan Chase & Co. increased its holdings in shares of Capstar Financial by 108.4% during the second quarter. JPMorgan Chase & Co. now owns 4,011 shares of the bank’s stock valued at $60,000 after purchasing an additional 2,086 shares during the period. Metropolitan Life Insurance Co NY acquired a new position in shares of Capstar Financial during the third quarter valued at $89,000. First Trust Advisors LP acquired a new position in shares of Capstar Financial during the second quarter valued at $190,000. CapWealth Advisors LLC acquired a new position in shares of Capstar Financial during the third quarter valued at $206,000. Finally, CNA Financial Corp acquired a new position in shares of Capstar Financial during the third quarter valued at $291,000. 33.39% of the stock is currently owned by institutional investors.

CSTR stock traded down $0.19 during mid-day trading on Friday, reaching $16.45. The company had a trading volume of 33,135 shares, compared to its average volume of 48,554. The stock has a market capitalization of $302.02 million, a P/E ratio of 13.82 and a beta of 0.89. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.04. Capstar Financial has a one year low of $14.11 and a one year high of $17.48. The stock’s 50-day simple moving average is $16.85 and its two-hundred day simple moving average is $16.11.

Capstar Financial (NASDAQ:CSTR) last issued its quarterly earnings results on Friday, October 25th. The bank reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $23.94 million for the quarter, compared to analyst estimates of $23.75 million. Capstar Financial had a return on equity of 9.63% and a net margin of 13.90%. On average, research analysts forecast that Capstar Financial will post 1.33 EPS for the current fiscal year.

Several equities analysts recently issued reports on CSTR shares. ValuEngine upgraded Capstar Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, November 29th. TheStreet cut Capstar Financial from a “b-” rating to a “c” rating in a research note on Monday, November 11th. BidaskClub cut Capstar Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. SunTrust Banks raised their target price on Capstar Financial from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research cut Capstar Financial from a “hold” rating to a “sell” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.40.

Capstar Financial Company Profile

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily in Tennessee, the United States. It offers a range of deposit products and services, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, certificates of deposit, and CDARS reciprocal products.

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