CapStar Financial Holdings, Inc. Declares Quarterly Dividend of $0.10 (NASDAQ:CSTR)

CapStar Financial Holdings, Inc. (NASDAQ: CSTR – Get a rating) announced a quarterly dividend on Wednesday, July 20, Zacks reports. Investors of record on Wednesday August 10 will receive a dividend of 0.10 per share from the bank on Wednesday August 24. This represents an annualized dividend of $0.40 and a yield of 1.89%. The ex-dividend date is Tuesday, August 9.

CapStar Financial has increased its dividend payout by an average of 42.2% per year over the past three years and has increased its dividend every year for the past 2 years. CapStar Financial has a dividend payout ratio of 19.4%, indicating that its dividend is sufficiently covered by earnings. Equity research analysts expect CapStar Financial to earn $2.07 per share next year, meaning the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 19.3%.

Performance of CapStar Financial Stocks

CapStar Financial stock opened at $21.12 on Friday. The company’s fifty-day moving average price is $20.14 and its 200-day moving average price is $20.66. The company has a market capitalization of $466.12 million, a price-earnings ratio of 10.15 and a beta of 0.95. CapStar Financial has a 12-month low of $18.63 and a 12-month high of $22.74. The company has a debt ratio of 0.08, a current ratio of 0.91 and a quick ratio of 0.87.

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CapStar Financial (NASDAQ:CSTR – Get a rating) last reported results on Thursday, July 21. The bank reported earnings per share of $0.45 for the quarter, missing the consensus estimate of $0.47 per ($0.02). CapStar Financial had a return on equity of 12.39% and a net margin of 33.89%. In the same quarter a year earlier, the company posted earnings per share of $0.55. On average, research analysts expect CapStar Financial to post EPS of 1.94 for the current fiscal year.

Institutional entries and exits

Several hedge funds and other institutional investors have recently changed their holdings in the company. Royal Bank of Canada increased its holdings of CapStar Financial shares by 171.3% in Q1. Royal Bank of Canada now owns 40,857 shares of the bank valued at $861,000 after purchasing an additional 25,800 shares during the period. Goldman Sachs Group Inc. increased its stake in CapStar Financial by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 77,597 shares of the bank valued at $1,636,000 after purchasing an additional 5,820 shares during the period. Wellington Management Group LLP increased its stake in CapStar Financial by 56.1% in Q1. Wellington Management Group LLP now owns 153,609 shares of the bank valued at $3,239,000 after purchasing an additional 55,197 shares during the period. State Street Corp increased its stake in CapStar Financial by 3.8% in the first quarter. State Street Corp now owns 319,461 shares of the bank valued at $6,734,000 after purchasing an additional 11,708 shares during the period. Finally, Invesco Ltd. increased its stake in CapStar Financial by 12.5% ​​in the 1st quarter. Invesco Ltd. now owns 25,175 shares of the bank valued at $530,000 after purchasing an additional 2,797 shares during the period. 43.08% of the shares are held by institutional investors and hedge funds.

Wall Street analysts predict growth

CSTR has been the subject of several reports by research analysts. Truist Financial lowered its price target on CapStar Financial shares from $23.00 to $22.00 in a Wednesday, June 15 research report. StockNews.com downgraded CapStar Financial shares from a “buy” to a “hold” rating in a Monday, April 25 research report. Finally, Raymond James downgraded shares of CapStar Financial from an “outperforming” rating to a “market performing” rating in a Thursday, July 7 report.

CapStar Financial Company Profile

(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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Dividend history for CapStar Financial (NASDAQ:CSTR)

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